Career change: As unemployment decreases, demand for job services will suffer

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 2017. 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...purchase to read more.

Industry Statistics & Market Size
Revenue
$15bn
Annual Growth 12-17
1.1%
Forecast Growth 17-22
Profit
Employment
351,288
Businesses
21,274
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Low demand for industry services is accompanied by difficult budgetary conditions at the state and local levels
  • Larger job-training facilities are increasingly reducing staff
  • As baby boomers retire, more positions will open up, hampering industry growth
  • Industry Report - Industry Key Buyers Chapter

    The Job Training and Career Counseling industry has a low level of market share concentration. The top four companies are estimated to account for less than 5.0% of industry revenue in 2017. Larger organizations are able to provide a broader array of services and receive more direct support from the government because of their size, which encourages consolidation. The industry contains a large number of nonemploying enterprises operating as sole proprietors. Larger operators tend to be targeted toward job training for those who are disabled, while smaller operators are typically sole proprietors who aid with career counseling for those who are unemployed...purchase to read more.

    Additional Insights for the Job Training & Career Counseling Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Job Training & Career Counseling Industry are

  • Must comply with government regulations
  • Access to highly skilled workforce
  • Provision of appropriate facilities
  • IBISWorld analysts also discuss how external factors such as Federal funding for social services and National unemployment rate in the Job Training & Career Counseling industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    What is the Job Training & Career Counseling Industry?

    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.

    Industry Products
  • Social assistance services for elderly and disabled adults
  • Vocational rehabilitation services for elderly and disabled adults
  • Social assistance for the general population
  • Industry Activities
  • Providing job counseling services
  • Providing job training services
  • Providing vocational rehabilitation job counseling for disabled people and veterans
  • Providing workshops for people with disabilities
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Federal funding for social services
  • National unemployment rate
  • Number of adults aged 20 to 64
  • Number of college students
  • Corporate profit

  • Current Performance
  • Government funding
  • Industry landscape
  • Job rehabilitation
  • Chart: Revenue Growth

  • Industry Outlook
  • Opposing demographics
  • Changing landscape
  • Military demand
  • Table: Job Training & Career Counseling Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Job Training & Career Counseling Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Elderly & Disabled Services
  • Administration of Government Programs
  • Consumers

  • Key Selling Industries
  • Computer Manufacturing
  • Computer Peripheral Manufacturing
  • Janitorial Services
  • Office Stationery Manufacturing

  • Products & Services
  • Social assistance services for elderly and disabled adults
  • Vocational rehabilitation services for elderly and disabled adults
  • Social assistance for the general population
  • Other
  • Chart: Job Training & Career Counseling Industry Products and Services Segmentation

  • Demand Determinants
  • Unemployment rate
  • Youth population
  • Veteran population

  • Major Markets
  • Clients with mental impairment
  • Clients without disabilities
  • Clients with physical disabilities
  • Clients with sensory/communicative disabilities
  • Other
  • Chart: Major Market Segmentation for the Job Training & Career Counseling Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesRent and utilities, depreciationMarketingOther expenses
  • Chart: Cost Structure Benchmarking – Sector vs Job Training & Career Counseling

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Job Training & Career Counseling Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Job Training & Career Counseling Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Job Training & Career Counseling Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Unemployment rate (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    American Recovery And Reinvestment Act
  • An Act instituted by the Obama administration in 2009 to provide relief and investment to the infrastructure, education, health and energy sectors.
  • Employment And Training Administration
  • Division within the US Department of Labor that is responsible for a number of vocational training initiatives.
  • Rehabilitation Act Of 1973
  • Provides funds to state vocational rehabilitation agencies to provide employment-related services for individuals with disabilities, giving priority to individuals who are significantly disabled.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Job Training & Career Counseling can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Job Training & Career Counseling:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Job Training & Career Counseling market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Job Training & Career Counseling, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.

    clear