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

During the recession, the government infused millions of dollars into the Job Training and Career Counseling industry in hopes of providing unemployed individuals with new skills and the means to find employment. However, as the unemployment rate lowers and the overall economy improves, governments are reducing their budgets for these services. Over the next five years, unemployment is expected to continue gradually declining as consumer sentiment and business profit improve. This industry will face declines as government funding reduces due to spending cuts and budget imbalance. However, there will still be a need for job trainers and career counselors as Americans look to the industry for help in advancing their careers throughout an extended recovery in unemployment...read more.

Industry Statistics & Market Size
Revenue
$14bn
Annual Growth 12-17
0.6%
Forecast Growth 17-22
Profit
Employment
349,448
Businesses
21,271
Market Share of Companies
There are no companies with a dominant market share in this industry
What Our Customers Say

Industry Threats & Opportunities

  • Improved employment rates and competition from colleges will impede industry growth
  • As unemployment rose, new participants joined the industry as career counselors
  • 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, estimated at 75.3% of all active enterprises in 2016. Of the industry's employing enterprises, an estimated 26.9% of employ fewer than five people. Just 8.8% of the industry's employing enterprises have workforces of more than 500 people. The...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..

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    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
  • Job training and counseling for adults
  • Job training and counseling for disabled people
  • 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
  • Job training and counseling for adults
  • Job training and counseling for disabled people
  • Other
  • Chart: Job Training & Career Counseling Industry Products and Services Segmentation

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

  • Major Markets
  • Males aged 20 to 54
  • Women aged 20 to 54
  • Males aged 55 and older
  • Women aged 55 and older
  • Males aged 19 and younger
  • Women aged 19 and younger
  • 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
  • Profit
  • Wages
  • Purchases
  • Rent and utilities, depreciation
  • Marketing
  • Other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Job Training & Career Counseling

  • Basis of Competition
    Internal competitionExternal 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.
  • Why buy this report?

    IBISWorld’s industry research report on Job Training & Career Counseling provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    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.

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