The number of persons employed in the activities of employment placement agencies sector in Germany is forecasted to decrease steadily from 19.92 thousand in 2024 to 13.04 thousand by 2028. This reflects a declining trend with year-on-year decreases. Compared to the actual data from 2023, where employment stood at 21.74 thousand, there is a notable downward trajectory. The compound annual growth rate (CAGR) over the five years is negative.
Future trends to watch for include the impact of automation and artificial intelligence on recruiting processes, which could further reduce employment needs in this sector. Additionally, economic fluctuations and shifts in Germany's labor market dynamics could influence these forecasts.
