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 2021, decreasing unemployment rates combined with the increasing tuition of four-year colleges, will both boost enrollment in vocational training, and hamper industry growth... 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 slow economic growth earlier on in the five years to 2016, but suffered subsequently. Sluggish economic activity helped grow the industry as many workers sought professional training to improve their employment prospects. As national unemployment has decreased in recent years, however, so has industry revenue.
In recent years, the restructuring of the US economy has accelerated. Service industry professions are in higher demand than ever, while manufacturing continues to wither. As a result, individuals displaced by major economic change are still retooling their skillset... purchase to read more