Published on 25th February 2025
After a strong rebound in 2022, private employment agencies faced strong headwinds in 2023. The Economic Report 2025 of the World Employment Confederation indicates that agency work activity in terms of hours worked declined across the globe with only a few exceptions. Several drivers entered into play, including a challenging economic environment, skills mismatch in a tight labour market, and geo-political tensions. Labour markets were gradually loosening, inflation stood above central banks’ targets, and global GDP growth was meagre.
For an in-depth review of 2023 data, including regional perspectives, and an early look at 2024 trends, explore the 2025 edition of the Economic Report.
