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The Day Care Industry

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The Day Care industry provides centre-based care, home-based care and care from nannies or babysitters to children from infancy to 12 years of age. In the past five years, increasing per capita disposable income and a rising number of women in the workforce have helped drive industry growth as the country continues to recover from the economic downturn. According to IBISWorld Industry Analyst Sally Lerman, “The industry, however, faces significant pressures from the unemployment rate, which remains high, leaving a greater number of parents and family members able to stay home to care for children.” Revenue in the Day care industry is expected to increase slowly in the five years to 2014. With economic conditions slowly improving, industry revenue
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