In 2023, the Temporary Employment Agency Activities sector in Brazil reported an employee count that is now set to decrease progressively from 394,020 employees in 2024 to 379,630 employees by 2028. This marks a declining trend with an average annual decline rate, signifying a shrinking sector.
Year-on-year variation indicates a consistent reduction in workforce: about 0.94% drop from 2024 to 2025, 0.93% from 2025 to 2026, a 0.92% decrease from 2026 to 2027, and finally a 0.91% drop from 2027 to 2028. Notably, over a five-year span, this sector reveals a compound annual growth rate (CAGR) of approximately -0.92%.
Future trends to watch for include technological advancements influencing staffing needs, policy changes impacting labor markets, and any shifts in economic conditions which could either mitigate or exacerbate the declining trend in temporary employment.
