Employment Services in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The employment services market covers temporary and contract staffing services. Temporary staffing is where agencies supply workers to clients temporarily, whereby the workers remain employees of the agency. Permanent staffing is where agencies recruit workers on behalf of clients, with these workers going on to become employees of the client. The market value is the total turnover of agencies from the provision of these services. Services such as employee leasing and independent contracting are not included.
- The US employment services market recorded revenues of $163.0 million in 2023, representing a compound annual growth rate (CAGR) of 3.6% between 2018 and 2023.
- Market consumption volumes declined with a negative CAGR of 1.3% between 2018 and 2023, to reach a total of 3.0 million average number of temporary agency employees in 2023.
- The growth in the US employment services market is influenced by several macroeconomic factors, such as rising GDP and growing business confidence.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the employment services market in the United States
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the employment services market in the United States
- Leading company profiles reveal details of key employment services market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the United States employment services market with five year forecasts
Reasons to Buy
- What was the size of the United States employment services market by value in 2023?
- What will be the size of the United States employment services market in 2028?
- What factors are affecting the strength of competition in the United States employment services market?
- How has the market performed over the last five years?
- What are the main segments that make up the United States's employment services market?
Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the most recent market developments?
8 Company Profiles
8.1. Randstad N.V.
8.2. Adecco Group AG
8.3. Kelly Services, Inc.
8.4. ManpowerGroup, Inc.
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About the Publisher
List of Tables
Table 1: United States employment services market value: $ billion, 2018-23
Table 2: United States employment services market volume: Average number of temporary agency employees, 2018-23
Table 3: United States employment services market category segmentation: % share, by value, 2018-2023
Table 4: United States employment services market category segmentation: $ billion, 2018-2023
Table 5: United States employment services market geography segmentation: $ billion, 2023
Table 6: United States employment services market value forecast: $ billion, 2023-28
Table 7: United States employment services market volume forecast: Average number of temporary agency employees, 2023-28
Table 8: Randstad N.V.: key facts
Table 9: Randstad N.V.: Annual Financial Ratios
Table 10: Randstad N.V.: Key Employees
Table 11: Adecco Group AG: key facts
Table 12: Adecco Group AG: Annual Financial Ratios
Table 13: Adecco Group AG: Key Employees
Table 14: Kelly Services, Inc.: key facts
Table 15: Kelly Services, Inc.: Annual Financial Ratios
Table 16: Kelly Services, Inc.: Key Employees
Table 17: Kelly Services, Inc.: Key Employees Continued
Table 18: ManpowerGroup, Inc.: key facts
Table 19: ManpowerGroup, Inc.: Annual Financial Ratios
Table 20: ManpowerGroup, Inc.: Key Employees
Table 21: ManpowerGroup, Inc.: Key Employees Continued
Table 22: United States size of population (million), 2019-23
Table 23: United States gdp (constant 2005 prices, $ billion), 2019-23
Table 24: United States gdp (current prices, $ billion), 2019-23
Table 25: United States inflation, 2019-23
Table 26: United States consumer price index (absolute), 2019-23
Table 27: United States exchange rate, 2019-23
List of Figures
Figure 1: United States employment services market value: $ billion, 2018-23
Figure 2: United States employment services market volume: Average number of temporary agency employees, 2018-23
Figure 3: United States employment services market category segmentation: $ billion, 2018-2023
Figure 4: United States employment services market geography segmentation: % share, by value, 2023
Figure 5: United States employment services market value forecast: $ billion, 2023-28
Figure 6: United States employment services market volume forecast: Average number of temporary agency employees, 2023-28
Figure 7: Forces driving competition in the employment services market in the United States, 2023
Figure 8: Drivers of buyer power in the employment services market in the United States, 2023
Figure 9: Drivers of supplier power in the employment services market in the United States, 2023
Figure 10: Factors influencing the likelihood of new entrants in the employment services market in the United States, 2023
Figure 11: Factors influencing the threat of substitutes in the employment services market in the United States, 2023
Figure 12: Drivers of degree of rivalry in the employment services market in the United States, 2023
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Randstad N.V.
- Adecco Group AG
- Kelly Services, Inc.
- ManpowerGroup, Inc.
