Job Training & Career Counseling in the US
The Job Training and Career Counseling industry is composed of operators that provide job training and counseling that are largely either nonprofit or government entities. Through government funding and private contributions, these operators help unemployed individuals develop their skills. While this industry was historically strong, especially following the recession, industry growth has been low over the five years to 2018. As the unemployment rate continues to decline, the industry continues to experience stagnation in demand. Low demand for industry services is also accompanied by difficult budgetary conditions at the state and local levels, caused by increasingly resource-strapped governments. However, as the economy has continued to grow, the industry has largely followed in step. Over the five years to 2023, revenue is forecast to grow slowly.
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.
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