Monthly Labor Review (01/12) Richard Henderson
The U.S. Bureau of Labor Statistics has released its latest projections, including an employment annual growth rate of 1.3% for the 2010-2020 period. The employment services industry (which is mostly temporary help services) is projected to add 631,300 jobs during this period—an annual rate of increase of 2.1%—and reach 3.3 million by 2020, placing this industry among those with the largest projected employment growth.
The employment services industry also is projected to enjoy a real output growth rate of 3.8% annually, increasing by $71.6 billion, to reach $229.3 billion by 2020—compared to a 2.9% real output growth rate for the overall economy. The demand for information technology, health care, and temporary help services is driving growth in this industry, according to the BLS.
Exclusive Insights From CareerBuilder’s 2017 Candidate Experience Study
Nearly four in five candidates (78%) say the overall candidate experience they receive is an indicator of how a company values its people. What does your candidate experience say about you?