Staffing and recruiting industry market size U.S. 2012-2023, with 2024-2025 forecast

The staffing industry took a significant hit in 2020 owing to the coronavirus pandemic, however bounced back strong and had a record market size in 2022. The value of this market shrunk again in 2023, with this trend also expected to continue for 2024.

Staffing and recruiting

The staffing and recruiting industry includes companies which help other organizations find staff. This can be achieved through either assisting companies to recruit new internal staff (recruiting), or directly providing temporary staff to fill specific functions (temporary or agency staffing). The temporary staffing segment is significantly larger than recruitment segment.

Temporary workers

Contrary to popular belief, the number of temporary workers in the United States is not higher now than it was in the year 2000. Nor is the portion of temporary workers any larger in the U.S. than in other developed economies – in fact, it is lower than most. However, owing to the size of the overall economy, the U.S. temporary worker industry is the world’s largest. On average, temporary workers in the U.S. are engaged for 10 to 11 weeks.