The Economic Impact of Child Care within States
State Child Care Economic Impact Studies
Parents need child care in order to obtain and retain a job. Children need a safe place to be that promotes their healthy development while their parents are working. The child care industry is an important economic driver within states: often, the industry is a major employer; spurs the purchase of goods and services (as well as the goods and services employees will purchase); leads to a reduction in employee absenteeism and turnover (which increases productivity), and invests in the future of our workforce (by increasing the likelihood children will start school ready to learn).
The Committee for Economic Development (CED) release a report, "Child Care in State Economies," in August of 2015. There are 768,521 child care programs throughout the United States with revenue of $41.5 billion, employing 873,251 individuals. The spillover impact of these programs (purchases of goods and services) generates an additional $42 billion in local economies. With regard to employment, 1.5 million working in child care support an additional 624,500 jobs in other industries. Find the report, executive summary and state by state fact sheets and talking points on CED's "Child Care Impact" web page. For individual state infographics, click here.