In 2023, Employment Services in Germany employed 853.74 thousand persons. The forecast for the number of persons employed in Employment Services shows a consistent declining trend from 2024 through 2028. Specifically, the number of employees is expected to decrease year-on-year from 819.96 thousand in 2024 to 690.81 thousand by 2028, representing a yearly average compound annual growth rate (CAGR) of approximately -3.05% over the five-year period.
Year-on-year percentage variations are as follows:
- 2024 to 2025: -3.99%
- 2025 to 2026: -4.13%
- 2026 to 2027: -4.26%
- 2027 to 2028: -4.41%
Trends over a longer period suggest a continuous decline in employment numbers within the sector, potentially driven by advancements in technology, shifts in economic structures, and changing labor market demands. Future trends to watch for include the impact of automation on employment services, evolving regulatory landscapes, and potential shifts in demand for temporary or part-time workers driven by broader macroeconomic conditions.
