Survey shows childcare providers remain on shaky ground

Image by Pexels
Image by Pexels

(Fargo, ND) -- Around 70 percent of childcare providers say they expect to close within a year or don't know how much longer they can stay open.

That's according to the latest report from the Federal Reserve Bank of Minneapolis.

The report also finds that fewer providers are reporting signs of financial stress, but the number of active licenses in the industry is down around 33-percent from a decade ago.

The report also says more than 60-percent of childcare centers are understaffed.