Industry Analysis & Industry Trends
Over the past five years, operators in the Employment and Recruiting Agencies industry have had to contend with the recession's lingering effects, which have a induced a decline in the number of available positions for job seekers. The industry has evolved through the continued use of online resources and improvements to technology. In the five years to 2019, industry operators are anticipated to benefit from an improved labour market.
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Industry Report - Industry SWOT Analysis Chapter
The Employment and Recruiting Agencies industry is in the mature phase of its life cycle. The industry is largely cyclical and moves based on the performance of the broader economy. The global financial crisis and ensuing recession resulted in high industry volatility early on in the five-year period to 2014. During the 10 years to 2019, industry value added (IVA), the industry's contribution to the overall economy, is expected to grow at an average annual rate of 1.5%. Gross domestic product (GDP) for Canada is expected to grow at an annualized rate of 2.4% during the same period.
Typically, companies that trail broader GDP growth are considered to be in the decline stage of their life cycle... purchase to read more