Trade and Technical Schools See Growth
Monday, May 18th, 2009It looks like schools providing trade and technical training are growing despite the current downturn. Their revenues have grown at an average rate of 7.8% over the last 12 months compared to 5.9% in 2006 and 2007.
| Industry | Financial Metric |
2005 |
2006 |
2007 |
2008 |
Last 12 Months |
| 6115 - Technical and Trade Schools | Sales % Change |
4.06% |
5.89% |
5.89% |
7.51% |
7.77% |
| *Source: Sageworks, Inc. | ||||||
According to the Bureau of Labor Statistics (Education Pays Survey), earnings increase substantially and unemployment decreases substantially with greater levels of education. It may be that people are looking to use trade and technical training to set themselves apart as candidates or even to change career paths in the current economic climate.
