

(from the article: Link to article below)
In the wake of its historic peak, the US staffing industry has experienced a decline for 23 of the past 24 months. In the first quarter of 2024 alone, the staffing industry lost 186,000 jobs, a decline of 7.7% from 4Q23 to 1Q24.
However, in an unsettling reverse of trends, the number of temporary workers supplied via staffing agencies has steadily declined since June 2022 (over 4 years of decline)
As of May 2024, (staffing agency) employment dropped by 6.5% from the previous year and 14.2% from its peak in March 2022. (20.7% decline in only two years.)
Excluding the pandemic dip in 2020, the number of temporary help services jobs has not been this low since April 2014, roughly a decade ago.
The current downturn is striking given it follows a decade of US economic expansion (2010-2020) and a pandemic-driven boom (2021-2022).
The 2025 staffing market stabilized but stayed uneven: modest job and wage growth overall, with healthcare and professional services driving much of the demand for contingent and contract talent.
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Tim Owens
25 years experienced admin professional consultant.
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