April 01, 2014

What the Staffing Landscape Will Look Like in 2022

According to the U.S. Bureau of Labor Statistics (BLS), nationwide employment will rise 10.8 percent from 2012 to 2022, with jobs in healthcare, construction, and educational services experiencing the largest job growth.

The Staffing Industry Analysts (SIA) forecasts that temporary help services employment will grow to 3,387,000 jobs by 2022 at a CAGR of 3.1 percent. Annual revenue growth projection (at $155.8 billion in 2022) is higher at a CAGR of 4.6 percent, due to inflation and a growing share of higher-paying professional jobs.

U.S. Temporary Services Employments

The SIA projection of 3,387,000 jobs in temporary services by 2022 yields a temporary penetration rate of 2.26 percent.

U.S. Temporary Services Employment, 1993-2022

Source: Staffing Industry Analysts

Within the temporary help industry, industrial staffing - the largest segment - is forecast to increase at 4.5 percent CAGR to have annual revenues of $43.2 billion in 2022. Information technology staffing and healthcare staffing have the highest CAGR at 5.6% to reach a market size of $39.0 billion and $16.4 billion respectively in 2022.

U.S. Staffing Industry Revenue Forecasts for 2020 (in billions)

Source: Staffing Industry Analysts

Employment Projections for 2022

The BLS made employment projections for the 22 major occupational groups for 2022, enabling identification of the fastest-growing occupations in each segment for temporary staffing.