Weak economy hits staffing agencies

$5.19-billion industry growing slowly, temporary staffing services outpace permanent ones: Statistics Canada
|hrreporter.com|Last Updated: 09/04/2003


general slowdown in economic growth in 2001 hit the employment services industry, according to the latest figures from Statistics Canada.

Employment services reported operating revenues of $5.19 billion in 2001, basically unchanged from the $5.14 billion in 2000. The employment services industry provides workers to businesses for part-time and permanent assignments. While revenues from placement services (those that provide permanent staffing) were lower, revenues from temporary staffing services grew to offset the decline.