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Europe - Staffing agency sector up +21.6% y-o-y

10 June 2011

The staffing agency sector in Europe grew by +21.6% in March 2011 compared with the same period in 2010 according to Eurociett. This marks a year of continuous growth for the sector, which is widely recognised as pre-empting shifts in the employment market at large.
Agency work increased by +46.3% in Switzerland compared with March 2010, while the number of hours worked by agency workers in Italy rose by +27.2% during the same period. Poland also displayed strong quarterly growth, with hours worked up by +37.8% in Q1 of 2011 when compared with Q1 2010. In Sweden, turnover of the agency work industry rose by +40% in the first quarter of 2011 compared with the same period in 2010.
The year-on-year evolution of sales revenues in France saw an increase of +22% in March 2011. Turnover was rose in Belgium (+19.8%) and the Netherlands (+10%). An increase in turnover for private employment agencies was reported in the most recently available figures for all surveyed countries. Sweden and Poland, where quarterly results are produced reported year-on-year growth of +40% and +25%. During the same time period turnover of agency work in Norway increased by +18.1%.

The evolution of the number of hours worked by agency workers in Europe on a year-on-year basis continues to display a strong inverse correlation with the year-on-year change in the number of unemployed people in EU 27 countries. Year-on-year unemployment in Europe began to decline in January 2011, 10 months after the first positive growth for the agency work industry since the crisis. The latest figures show that as the agency work sustains its recovery, unemployment figures across the EU continued their decline.

Denis Pennel, Eurociett Managing Director, stated "the trends first witnessed in the agency work industry a year ago are now beginning to be seen across the labour market. This confirms the sector's status as a leading business indicator and as being at the forefront of job creation."

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