$17.8bn
$XXX.Xm
222k
14,687
$X.Xbn
Job training and career counseling services faced a turbulent five years as the COVID-19 pandemic sent employment into a freefall. As businesses rapidly laid off employees, jobless workers sought training and counseling to help navigate the turmoil of the labor market. Competition for positions intensified and job trainers' accessibility to struggling consumers helped drive revenue upward. Employment recovered in 2022, stalling growth as demand for training and counseling stagnated. Still, solid financial backing from public and private entities has kept the industry buoyant. Industry revenue has been swelling at a CAGR of 0.8% to an estimated $17.8 billion over the five years through 2024, when revenue will expand 1.3%.
Industry revenue has grown at a CAGR of 0.8 % over the past five years, to reach an estimated $17.8bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Snagajob Com Inc. | 11.9 | 0.4 | 3.3 | |
Employ Media LLC | 0.4 | 0.0 | 3.3 |
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Industry revenue is measured across several distinct product and services lines, including Career Counseling for the general population , Vocational rehabilitation services for older adults and persons with disabilities and Job training for the general population. Career Counseling for the general population is the largest segment of the Job Training & Career Counseling in the US.
Half the industry's revenue comes from vocational rehabilitation services to older adults and persons with disabilities
This industry provides vocational rehabilitation or job counseling and training to those unemployed, underemployed or those with disabilities. Operators also provide services to those with a job market disadvantage due to a lack of education, skills, or experience.
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NAICS 62431 - Job Training & Career Counseling in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
COVID-19 brought revenue volatility. COVID-19 shutdowns and pivots to remote work led to a temporary drop in revenue. Federal aid and economic recovery brought a return to gr...
Learn about an industry's products and services, markets and trends in international trade.
Training costs dominate counseling costs. Job training services for the typical adult worker in a Workforce Innovation and Opportunity Act (WIOA) federal program cost nearly ...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Southeast is the top region for job training and career counseling. Over a quarter of the nation lives in the region, making it dominant for consumer-facing industries. H...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Fragmentation permits entry. The diversity of needs and the need for local provision of services keeps the industry fragmented, making it easier for owner-operators to join t...
Learn about the performance of the top companies in the industry.
There are no major companies. Demand remains heavily localized, though the growing prevalence of online courses is helping some larger providers service demand outside their ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Public funding is crucial. Nearly three-quarters of job training and career counselor services are nonprofits and obtain funding from numerous agencies, like the USDA, DOL, V...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Job training costs will surpass counseling costs. Establishments that provide training for special needs will face heightened capital expenses.
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Job Training & Career Counseling in the US industry in United States is $17.8bn in 2024.
There are 14,687 businesses in the Job Training & Career Counseling in the US industry in United States, which has declined at a CAGR of 1.5 % between 2019 and 2024.
The market size of the Job Training & Career Counseling in the US industry in United States has been growing at a CAGR of 0.8 % between 2019 and 2024.
Over the next five years, the Job Training & Career Counseling in the US industry in United States is expected to grow.
The biggest companies operating in the Job Training & Career Counseling market in United States are Snagajob Com Inc. and Employ Media LLC
Career counseling for the general population and Job training for the general population are part of the Job Training & Career Counseling in the US industry.
The company holding the most market share in United States is Snagajob Com Inc..
The level of competition is moderate and steady in the Job Training & Career Counseling in the US industry in United States.