The research group IBISWorld reported that in 2015, the dance studios industry generated $2 billion in revenue and that consumer spending on dance instruction had increased gradually between 2010 and 2015.┬áThe U.S. Department of Labor (DOL) reports that the number of jobs for dancers will grow by only 5 percent through 2024, and those for choreographers will grow by 6 percent, about as fast as the average for all occupations. Interest in traditional dance has been declining, and there is increased interest in popular dance, which will lead to a rise in registration at dance schools and the need for choreographers.  

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