What industry sector is child care?

What industry sector is child care?

Community Services industry
This page provides information and data on the Children’s Education and Care sector, which is one component of the Community Services industry. This sector provides education, care and support to children under eighteen years of age. The sub-sectors include: Early childhood education and care (ECEC)

Is the childcare industry profitable?

“On average, the industry has a healthy net profit margin and somewhat consistent sales growth,” said Sageworks analyst Libby Bierman. Bierman noted child day care businesses tend to have really high gross margins, on average around 96%.

What job sectors are there?

Job sectors

  • Accountancy, banking and finance.
  • Business, consulting and management.
  • Charity and voluntary work.
  • Creative arts and design.
  • Energy and utilities.
  • Engineering and manufacturing.
  • Environment and agriculture.
  • Healthcare.

Is the childcare industry growing?

The U.S. child care market is expected to grow at a compound annual growth rate of 3.9% from 2020 to 2027 due to the COVID-19 impact to reach USD 73.8 billion by 2027. The early education and daycare segment dominated the U.S. child care market with a share of around 46% in 2019.

Who is responsible for early years and child care?

The Ministry of Education sets overall policy, legislation, and regulations for the early years and child care sector, under the authority of the Child Care and Early Years Act, 2014, and licenses child care providers across the province. The ministry also conducts inspections and investigates complaints about licensed and unlicensed child care.

How many people work in the child care industry?

Child care workers accounted for about 30 percent of wage and salary jobs in 2008, as well as a large proportion of the self-employed who care for children in their homes, also known as family child care providers. Regardless of the setting, these workers feed, diaper, comfort, and play with infants.

How many child care centres are there in UK?

The number of licensed child care centres increased by almost 1% to 5,565 centres, of which more than 3,000 centres were located in publicly funded schools. The number of licensed child care spaces grew by 16,206 spaces to 462,802 spaces, representing an increase of 4%.

What is the children’s education and care sector?

This page provides information and data on the Children’s Education and Care sector, which is one component of the Community Services industry. This sector provides education, care and support to children under eighteen years of age.

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