2015 ASA Staffing Industry Economic Analysis

New data confirms: The staffing and recruiting industry has been growing faster than gross domestic product and overall employment.

Share

Steady Growth Continues: Staffing and Recruiting Grows Faster Than the Economy and the Labor Market

2015 Staffing Industry Economic AnalysisMore than six years since the end of the Great Recession, the U.S. economy has yet to fully recover. While there has been expansion, this long road to recovery has been erratic. And although the jobs lost during the 18-month recession have been regained and the unemployment rate has declined, the percentage of people participating in the labor force has dropped to the lowest level in four decades. There are nearly six million open jobs, and more than eight million people out of work—contributing to the longer than anticipated recovery cycle. Meanwhile, the staffing and recruiting industry has been growing faster than gross domestic product and overall employment at rates unlike any prior recovery. Are these trends unique to the current expansion, or has there been a fundamental change in the role of staffing and recruiting in the economy?

Continue reading the 2015 Staffing Industry Economic Analysis

Or, download as PDF »


Related Content

#SafelyBackToWork

ASA Workforce MonitorMore than three-quarters of employed U.S. adults (79%) are satisfied with their employers’ pandemic-related return-to-work plans. Download the infographic »

Stay Up-to-Date

Get the latest Covid-19 info & resources for staffing companies.