The world’s 100 largest staffing firms generated an estimated $285.3 billion in revenue in 2022, representing 44% of global staffing revenue, according to the Largest Staffing Firms Globally 2023 report by Staffing Industry Analysts.
Focusing on just the five largest global staffing firms, they represented 15% of global staffing revenue.
The top five firms are unchanged from last year and are:
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Nearly half of the 100 largest staffing firms, 48, are based in the US. The UK and Japan followed with 14 and 11, respectively.
Korn Ferry ranks as the largest executive search firm while Recruit posted the highest market capitalization of firms on the list at $49.9 billion in 2022.
The publication of major U.S. economic data, including employment and inflation reports of critical importance to policymakers and investors, will be suspended indefinitely should the federal government shut down at the end of this week because of a lack of funding, a government official said.
The suspension of the reports would occur across all government agencies such as the Labor Department's Bureau of Labor Statistics (BLS) and the Commerce Department's Census Bureau and Bureau of Economic Analysis (BEA), and leave policymakers at the Federal Reserve, investors, businesses and ordinary Americans in the dark as they make key decisions.
Congress so far has failed to pass any spending bills to fund federal agency programs in the fiscal year starting on Oct. 1 amid a feud within the Republican Party. Leaders in the Republican-controlled U.S. House of Representatives were due to try to advance steep spending cuts this week that stand no chance of becoming law, bolstering the prospect of a shutdown on Sunday.
"Under a lapse, the Bureau of Labor Statistics would cease all program operations, only publishing completed data scheduled for release as part of orderly shutdown activities," a Biden administration official, speaking on background, said in response to questions from Reuters. "As a result, the September jobs report and the Consumer Price Index would not be released."
The Labor Department is currently scheduled to release the next monthly employment report on Oct. 6. The CPI report is due on Oct. 12.
The approach is a change from the last government shutdown between December 2018 and January 2019, which did not affect the Labor Department and allowed the BLS and its Employment and Training Administration to continue publishing data. That means the unemployment insurance weekly claims data will also not be published during any shutdown this time.
"Most services provided by the Census Bureau would cease, including production of Economic Census data, production of economic indicators, and work on the American Community Survey," the official said.
That means delays in the release of key data, including the retail sales, housing starts and new home sales reports for September. Depending on the duration of the shutdown, the release of the first estimate of third-quarter GDP due in late October could also be delayed.
The September reports for durable goods orders, advance economic indicators, consumer spending, income, and the key inflation data closely watched by Fed officials also would likely be impacted.
A data blackout would come at a critical juncture for Fed officials, who opted not to raise interest rates last week but remain on guard to take more action if necessary to further rein in inflation.
As a self-funding agency, the Fed would continue to release data, policy statements, and other reports. The U.S. central bank is due to release the minutes from its Sept. 19-20 policy meeting on Oct. 11.
A tentative agreement between striking screenwriters and Hollywood studios offers some hope that the industry’s dual walkouts may soon be over. But when will your favorite shows return?
Well, it’s complicated. First, the agreement needs to pass two key votes, and certain paused productions such as “Deadpool 3” and “Yellowjackets” will still have to wait on actors to reach a deal with studios.
WHEN IS ‘JIMMY KIMMEL LIVE’ COMING BACK?
Once the contract is approved, work will resume more quickly for some writers than others. Late-night talk shows were the first to be affected when the strike began, and they may be among the first to return to air now. NBC’s “The Tonight Show Starring Jimmy Fallon,” ABC’s “Jimmy Kimmel Live” and “The Late Show With Stephen Colbert” on CBS could come back within days.
“Saturday Night Live” might be able to return for its 49th season, though some actors may not be able to appear. The actor's strike limits promotional appearances that are the lifeblood of the late-night shows.
Shows that return while actors are still picketing could prove controversial, as happened with the planned resumptions of daytime shows including “The Drew Barrymore Show” and “The Talk.” Those plans were later abandoned.
One show that’s likely to make a speedy return? “Real Time with Bill Maher.” The host plotted a return without writers but ended up postponing once last week’s negotiations were set.
WHAT ABOUT ‘STRANGER THINGS’ AND ‘SUPERMAN?’
Writers' rooms for scripted shows that shut down at the strike’s onset, including Netflix’s “Stranger Things,” “Severance” on Apple TV+, and “Abbott Elementary” on ABC are also likely to reactivate quickly. But with no performers to act out the scripts, long delays between page and screen will be inevitable.
Film writers will also get back to work on their slower timeline, though those working on scripts or late revisions for already scheduled movies — including “Deadpool 3” and “Superman: Legacy” — will certainly be hustling to avoid further release-date delays.
WHEN ARE DREW BARRYMORE AND OTHER DAYTIME SHOWS COMING BACK?
Barrymore’s planned return to her daytime television show became a rallying point for picketers earlier this month, prompting her to cancel her plans. “The Talk” and “The Jennifer Hudson Show,” which also employ some screenwriters, also called off plans to return.
Barrymore and the other shows have not announced their plans for returning. However, the Writers Guild of America has made it clear: Guild members cannot start working again on projects until the tentative contract is ratified.
That vote has not yet been scheduled.