Understanding the Power of a Staffing Industry
According to a study conducted by the American Staffing Association, there are over three million temporary and contract employees working for America's staffing companies during an average week. This amounts to an estimated 17 million hired employees per year, or nine percent of the U.S. labor force. With large numbers like these, it's hard to believe the staffing industry isn't impacting the economy in some way, right?
In this report, we will break down the many ways that staffing and recruiting companies continue to impact the job market and the U.S. economy including:
- The fluctuation of the job market
- Gross Domestic Product (GDP)
- Unemployment and employment rates
- Application and hiring process.