Wednesday, October 21, 2020

Nonprofit Recovery Slowing Significantly According to New Report

The Center for Civil Society Studies released a new report showing a seriously slowing of recovery of employment in the nonprofit space. I guess the good news is there still seems to be an overall recovery, but worrisome signs that the sector may sink back into employment loss.

From the report: "As part of our continued effort to track the ongoing impact of the coronavirus pandemic on nonprofit employment, we have analyzed data from the latest BLS Employment Situation Report to estimate nonprofit job losses through September 2020.
 
How did nonprofits fare in September?
Unfortunately, the month of September showed only a modest 2% recovery of nonprofit jobs compared to the situation we reported in August.1 The only major field that enjoyed a rebound of more than 10% overall was social assistance at 12.8%. What is more, September brought significant additional losses in the key field of education totaling nearly 50,000 jobs—a drop of 24% from August employment levels, as shown in Figure 1."

Philip Hackney

https://lawprofessors.typepad.com/nonprofit/2020/10/nonprofit-recovery-slowing-significantly-according-to-new-report.html

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