Professional and Management Development Training NAICS 611430

Sep 8, 2025 - Commercial Bankruptcies Increase

• Total US commercial bankruptcy filings increased 26% year over year in July 2025, according to Epiq AACER, a provider of US bankruptcy filing data. Professional and management development training firms may be impacted by changing investment in employee training due to bankruptcy filings. Commercial chapter 11 filings increased 78% year over year in July. Small business filings, captured as subchapter V elections within chapter 11, increased 30% year over year. “Overall volumes are steadily climbing back toward pre-pandemic levels, and we anticipate this growth will continue throughout the remainder of 2025 and into 2026, driven by persistent economic pressures such as high interest rates, inflation, record household debt levels, rising delinquency rates, and geopolitical uncertainty,” said Michael Hunter, vice president of Epiq AACER.
• Several organizations have begun offering free professional development opportunities in response to Trump administration layoffs of federal employees, according to Government Executive. UiPath, an automation company and government contractor, recently announced a program to train public sector professionals on how to use AI agents, for example. Work for America, a nonprofit that helps state and local governments recruit employees, is providing more than 9,000 former federal employees who are using their platform to find job openings at those levels with three free coaching sessions.

• About 92% of job seekers will choose a business that provides robust training over a similar option, according to imc Learning. Some 52% of employees have left a role due to a lack of training and advancement opportunities, and 86% said that they’d stay with their current employer if training opportunities were available. About 35% of human resources professionals say that training existing employees to take on hard-to-fill positions is a top-utilized recruitment strategy.
• Professional and management development training industry sales are forecast to grow at a 2.96% compounded annual rate from 2025 to 2029, slower than the growth of the overall economy, according to Inforum and the Interindustry Economic Research Fund, Inc. Professional and management development training industry employment decreased slightly during the first five months of 2025, according to the US Bureau of Labor Statistics.