Industry Analysis & Industry Trends
The Trade and Technical Schools industry has experienced fluctuations over the past five years, largely due to the recession and stagnant growth in federal funding. High unemployment has caused individuals to seek out further education, while employers are increasing their training requirements to remain competitive. In the five years to 2020, sustained unemployment and government funding for universities, combined with the increasing tuition of four-year colleges, will boost enrollment in vocational training... purchase to read more
Industry Report - Industry Analysis Chapter
The Trade and Technical Schools industry operates in a countercyclical manner. Industry revenue grew significantly as a result of the recession, but suffered subsequently. The recession helped grow the industry as many workers felt it necessary to acquire further training to improve their employment prospects. As national unemployment decreased following the recession, industry revenue contracted as well.
While downstream demand for certain trades has weakened, demand for skilled workers across many trades has increased; the general level of educational participation and postsecondary education has also risen... purchase to read more