From 2024 to 2028, the Value Added of Employment Services in the UK is forecasted to grow from 33.9 to 37.14 billion pounds sterling, a steady annual increase. The year-on-year percentage increase is approximately 2.5% to 2.8% for each subsequent year during this period. In 2023, the Value Added stood at a significant but slightly lower real measure than in 2024. Over a five-year span, the compound annual growth rate (CAGR) is anticipated to be around 2.4%.
Future trends to watch include:
- The impact of technological advancements, which could influence both the structure and efficiency of employment services.
- Changes in government policies and economic conditions that can alter labor demand.
- Growth in automation and AI, potentially reshaping employment services.