Hot Off the Press! 12/29/2009 11:41 am
The most recent Quarterly Economic Pulse has just been published—local data about the economy and what that means and how it affects the nonprofit sector. The Pulse is a joint venture of Greater Twin Cities United Way and Twin Cities Compass, and this is our third issue (see previous issues here—you have to scroll down a little bit for the links).
The good news: The economy is inching its way out of recession, reflected in Gross Domestic Product, employment figures, consumer confidence and the stock market. Key word: inching.
The bad news: Because this is expected to be a long, slow, jobless (or nearly jobless) recovery with employment and wages depressed through much of 2010, there will be little relief for the social service sector, which is expected to see high levels of need—especially in the areas of food, housing/shelter, and healthcare—continue through much of the year.
However, some hope is better than no hope, and things will eventually turn the corner for the nonprofit sector as well.
In the meantime, if you’re looking for some interesting reading material to start out the new year, check out The Spirit Level: Why Greater Equality Makes Societies Stronger. More on this later….