The number of employees in employment services in the US has grown steadily from 3.29 million in 2013 to 3.77 million in 2023. The year-on-year variation has generally been positive, with minor fluctuations, maintaining values around 0.75% in recent years. The Compound Annual Growth Rate (CAGR) has declined from 6.64% in 2014 to 0.58% in 2023, reflecting a slowdown in growth.
Looking ahead, the forecasted CAGR from 2024 to 2028 is projected to be 0.56%, resulting in an estimated employee base of 3.91 million by 2028.
Future trends to watch:
- Potential impacts of economic cycles on employment services demand
- Technological advancements influencing hiring processes
- Changes in labor market regulations and policies
- Shifts in workforce demographics and skills requirements
