During the recession, the government infused millions of dollars into the Job Training and Career Counseling industry in hopes of providing unemployed individuals with new skills and the means to find employment. However, as the unemployment rate lowers and the overall economy improves, governments are reducing their budgets for these services. Over the next five years, unemployment is expected to continue gradually declining as consumer sentiment and business profit improve. This industry will face declines as government funding reduces due to spending cuts and budget imbalance. However, there will still be a need for job trainers and career counselors as Americans look to the industry for help in advancing their careers throughout an extended recovery in unemployment. Furthermore, as the rate of veterans returning home from war increases, demand for these services will also increase as one of the functions of the Job Training and Career Counseling industry is to help veterans gain employment.
This industry provides vocational rehabilitation or job counseling and training to those who are unemployed, underemployed or those with disabilities. Operators also provide services to those who have a job market disadvantage due to a lack of education, job skills or experience.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.