Friday, March 02, 2007
Child Care Sector Makes Substantial Contributions to the National Economy
Report from the National Child Care Association (NCCA)Based on an examination of the existing literature, as well as use of the ImpactPlanning input-output model, the child care sector currently contributes to the national economic well-being in three critical ways, as follows:
Report from the National Child Care Association (NCCA)Based on an examination of the existing literature, as well as use of the ImpactPlanning input-output model, the child care sector currently contributes to the national economic well-being in three critical ways, as follows:
- In 2001 Americans spent approximately $38 billion a year on licensed child care programs, excluding care provided at unlicensed and informal facilities. Expenditures on licensed care will be even higher in 2002 — likely exceeding $41 billion. As a result, and again excluding unlicensed and informal care provided by family and friends, the sector creates enough income to support approximately 2.8 million direct, indirect, and induced jobs, of which about one-third are in the child care industry itself. In addition, the sector generates almost $9 billion in tax revenues.
- As indicated in Table Ex-One, the licensed child care industry directly employs more Americans than public secondary schools, and is directly responsible for twice as many jobs as the farming sector.
// posted by Tammy Wachter @ 4:54 PM 
