The Job Training and Career Counselling industry is countercyclical. The recession increased demand for industry services over the past five years. The unemployment rate spiked in 2009 and remained elevated throughout the current five-year period. As economic growth slowed and unemployment increased, more unemployed individuals sought the job training and career counselling services offered by industry operators. Industry growth is anticipated to slow over the next five years, as economic growth picks up and unemployment falls. As businesses improve their bottom line, more companies are likely to hire workers and expand operations.
This industry provides job counselling and training to the unemployed, underemployed and/or disabled. Firms also provide services to people who have a job market disadvantage because of a lack of education, skills or experience. This industry includes work experience centres (sheltered workshops), where mentally or physically handicapped individuals gain work experience in a managed environment. The industry does not include vocational training in trade and technical schools.
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.