The employment in the employment services sector in Italy has shown a fluctuating trend from 2013 to 2023. Starting at 171 thousand units in 2013, the sector saw rapid growth, peaking at a year-on-year increase of 25.62% in 2017. The COVID-19 pandemic caused a slight dip in 2019, but the sector quickly rebounded, reaching 363.9 thousand units in 2023. Over the past ten years, the average compound annual growth rate (CAGR) was significant, especially between 2017 and 2023, when the sector grew by an average of 2.67% annually.
Looking ahead, forecasts suggest a moderate but steady growth, with an expected CAGR of 2.36% from 2024 to 2028. By 2028, employment in this sector is projected to reach 422.7 thousand units, marking a 12.39% growth over the next five years.
Future trends to watch include:
- Impact of automation and AI on job placements and employment services.
- Shifts in workforce demographics and their influence on employment trends.
- Economic policies and labor market reforms by the Italian government.
- Potential disruptions from global economic uncertainties.
