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United States
- Recruitment landscape
- Economic indicators
- Labor market
- Working life
Your global agency guide to...
United States
The United States, leading globally with a GDP of $27.4 trillion, boasts highly diversified industries like technology, aerospace, and steel. With a population of 331.9 million, its stable working population supports a low 3.6% unemployment rate, indicating a strong labor market. Numerous specialized recruitment agencies operate in this robust economic landscape.
United States'S
AGENCY LANDSCAPE
69K
Agencies operating in United States
A high number of agencies indicates a mature recruitment industry, marked by strong talent demand, established labor laws and economic stability.
17-25%
Typical fee range
Countries with higher fees imply finding talent is harder to find whilst lower fees indicate a high-volume, commoditized market.
United States'S
FEATURED AGENCIES
Fractal
Axiom Global Technologies, Inc.
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United States'S
GROSS DOMESTIC PRODUCT (GDP) RATING
1
WORLD RANKED
United States ranks 1st in the world by current economic output
$27T
NOMINAL GDP (US$)
GDP reflects the overall size and economic strength of the country’s economy.
1
NORAM RANKED
United States is the 1st biggest GDP in NORAM out of 13 countries in the region
GDP GROWTH (%)
The above chart compares how United States's GDP has grown, compared to the rest of the world and the NORAM region in the last 7 years.
Positive growth indicates an expanding economy, while negative growth or recession signifies economic contraction. Strong growth can encourage hiring, but slower growth might lead to freezes or layoffs, influencing talent sourcing as businesses adapt to changing market conditions and demands.
United States'S
CURRENCY AND CODE
$
Country currency
USA
Country ISO code
United States'S
INFLATION RATE
2.9%
CURRENT RATE
▼1.2% REDUCTION
Inflation represents the rate at which prices rise and purchasing power diminishes. High inflation may prompt employees to seek higher wages, potentially impacting company profitability. This situation could lead to budget constraints or hiring freezes, which might influence talent availability and sourcing strategies.
United States'S
COST OF LIVING
COST OF LIVING INDEX EXPLAINED
The cost of living has a direct impact on salary expectations and the competitiveness of compensation packages. It can influence the appeal of certain locations-while high-cost areas may attract highly skilled professionals looking for higher salaries, lower-cost areas can appeal to companies looking to minimize salary expenses or candidates seeking a better work-life balance.
United States'S
LABOUR STATISTICS
332M
POPULATION
With a population of 331,893,745, United States is a medium sized country by global standards. United States's youth population is just below the world average, indicating it may face challenges in labor market sustainability over time. The working population in United States is close to the world average, suggesting a stable labor market that can adequately meet the economy's demands. United States's elderly population is just above the world average, suggesting a growing dependency ratio, which may strain the labor market.
United States'S
RELIGION AND ETHNICITY
Religion
In religiously diverse countries, a broad sourcing and engagement approach whilst appealing to inclusive practices resonates with this candidate market. In contrast, in a homogeneous religious environment, understanding dominant cultural norms is often more important when engaging with talent.
Ethnicity
In ethnically diverse countries, there may be a greater variety of candidates with different cultural backgrounds and experiences. Employers may need to focus more on inclusive hiring practices to ensure they attract talent from across different ethnic groups.
United States'S
UNEMPLOYMENT RATE
3.6%
CURRENT PERCENTAGE
▼0.02% REDUCTION
United States's unemployment rate is healthy, indicating a well functioning labor market with good job opportunities for most people. Between 2022 and 2023, there was a small decrease in unemployment, suggesting continued economic stability with a slight improvement in job availability
United States'S
TOP PERFORMING COMPANIES AND INDUSTRIES
Top performing companies
Allied Universal
Walmart
Amazon
Top industries
Petroleum
Motor vehicles
Aerospace
United States'S
GENDER DEMOGRAPHICS
RATIO OF MALES TO FEMALES (BY AGE)
LABOUR PARTICIPATION BY GENDER (%)
67
/
57
Male | Female
In United States there is a medium gap in participation rates between males and females, indicating moderate inequality with some progress towards gender parity.
United States'S
WORKING LIFE
$77K
Average gross annual wage (US$)
This figure represents yearly income before taxes. Higher wage countries are above $50,000 USD. Attracting talent in lower-wage markets can be cost-effective; however, offering above-average compensation may be required for in-demand skills.
$6.5K
Average gross monthly wage (US$)
This figure represents monthly income before taxes. Higher-wage countries typically exceed $4,000 USD per month. Attracting talent in lower-wage markets can be cost-effective; however, offering above-average monthly compensation may be necessary for in-demand skills.
United States'S
WORKING LIFE
6DAYS
Minimum annual holidays
Minimum annual holidays reflect mandated leave. Hiring in countries with high allowances (over 25 days) will require emphasizing work-life balance when recruiting. In countries with fewer holidays (under 15 days), offering additional leave can enhance recruitment and set the organization apart.
40HRS
Average working full time week
Standard work hours are 8/day, 40/week, Mon-Fri. Overtime is required pay for many jobs under FLSA and some states, but some roles are exempt and included in salary. Deel doesn't support non-exempt roles with overtime calculation.
United States'S
TOP BENEFITS
12WEEKS
Maternity leave
US FMLA grants 12 weeks of unpaid maternity and parental leave for eligible employees; paternity leave falls under the same federal provision. Eligibility requires a year and 1,250 hours of prior work.
12WEEKS
Sick leave
The FMLA in the US offers up to 12 weeks unpaid sick leave for serious illnesses, given employees meet certain tenure and hours-worked criteria, within companies with 50+ employees nearby. Conditions must require hospitalization or ongoing treatment.
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