From 2013 to 2017, the employment in the Activities of Employment Placement Agencies sector in Germany experienced significant growth, with values reaching nearly 40,000 FTEs by 2017. However, between 2018 and 2023, the sector faced a decline, with employment dropping to 12,510 FTEs in 2023, marking a continuous downward trend since 2018. The year-on-year variation from 2021 to 2023 shows a marked decrease in employment, reflecting a broader slowdown within this sector.
Looking ahead, the forecast suggests a steep decline from 2024 to 2028, with employment expected to reach roughly 2,930 FTEs in 2028. This constitutes a compound annual growth rate of -22.64%, indicating significant shrinkage. Key trends to watch for include technological advancements potentially reducing the need for traditional placement services and the impact of economic shifts on workforce dynamics within Germany, which could further influence employment levels in this sector.
