Nonprofit Sector a Major Player in Job Market According to Statistics
The Chronicle of Philanthropy says that according to Pittsburgh Tribune-Review, in an article entitled, Statistics Show Nonprofit Sector a Major Player in Job Market, "Charitable organizations accounted for more than 10 percent of U.S. employment in 2012 and trailed only the retail and manufacturing industries as a private-sector provider of jobs."
This is incredibly good news, given the decline in our job market during this recession. Wojtek Sokolowski, a Johns Hopkins University researcher, who worked with the federal Bureau of Labor Statistics to compile the first-of-its-kind examination on the economic impact of 501(c)(3) groups and subsequent statistics, said: “They behave differently than for-profits" and "That’s an important message, not just to nonprofit people but to everyone who is interested in job creation and how the economy works.”
"From 2007 to 2012, the number jobs at organizations registered as charities with the Internal Revenue Service increased 8.6 percent, climbing from 10.5-million to 11.4-million. That figure rose year-to-year throughout the entire five-year stretch, climbing even as the total number of American jobs dropped by 2.7 percent over the same period of time."
How is your nonprofit organization helping the job market? Are you doing your part to provide much-needed jobs? There's no doubt we need volunteers, and volunteers have their place, but perhaps we get better results when we pay people for their hard work? Thoughts?
Go here for more information on the Pittsburgh Tribune-Review report. Go here to read a Chronicle of Philanthropy article on the nonprofit jobs report.