Recent Data Shows Decline in Nonprofit Employment, Earnings

On August 19, OMB Watch released a new report, "Recent Trends in Nonprofit Employment and Earnings: 1990-2004," which examines the recent history of employment and compensation trends in the nonprofit sector. It found that while growth in nonprofit employment continued during the 2001 recession and immediately after, it stalled over the past year, with significant declines in average hours worked, weekly earnings, and hourly wages. Data on individual states reflect this nationwide pattern.

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Economy and Jobs Watch: Economy Shows Signs of Weakness under Pressure

Two recent economic reports on jobs and gross domestic product (GDP) indicate that the economy is showing some signs of weakness. The economy will begin to be under increasing pressure from higher oil prices, rising interest rates, and a ballooning deficit. Over the period from 2004 to 2009, the White House projects that $1,727 billion will be added to the federal debt -- and this projection does not include many policy proposals favored by the President and many in Congress which would increase the deficit even more.

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Mid-session Review Presents Misleading View of Nation's Finances

The White House's Office of Management and Budget recently (and belatedly) released its annual budgetary "Mid-Session Review," which attempts to put a positive spin on massive and worsening deficits, as well as the lowest level of revenue in nearly a half century.

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National Debt Limit Countdown

On August 2, Treasury Secretary John Snow urged Congress to raise the federal debt limit without delay, and warned that the limit will be reached by late September or early October.

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Mid-Session Review Confirms Continuation of Record Deficits

Washington, D.C., July 30, 2004 - The White House's Office of Management and Budget today belatedly released its annual budgetary "Mid-Session Review," which attempts to put a positive spin on massive and worsening deficits and the lowest level of revenue in a half century. Download full press release (.pdf)

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California Nonprofits Caught in Revenue Squeeze

The California Association of Nonprofits (CAN) recently completed a study of the impact on nonprofits of funding cutbacks in California. In the report "Holes in the Safety-net: Study of Funding Cutbacks and Safety-net Nonprofits in California," CAN found that a wide range of nonprofits in the state are squeezed between revenue reductions and increased demand for services.

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Economy and Jobs Watch: Wages Fail to Keep Pace with Inflation

While many observers believe that the economy is in the process of recovering from weak growth and a dismal labor market, there is still considerable evidence that the recovery is not serving everyone.

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Economy and Jobs Watch: Mid-year Update

Halfway through 2004 seems a good time to review where the United States is on the economy and jobs situation.

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Education in the U.S. Leaves Many Children Behind

A number of reports have been issued recently revealing cuts for next year in federal spending for education, including Pell Grants for college students, adult and vocational education, and Head Start, and ongoing inadequate funding for the Bush "No Child Left Behind" Act and special education.

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Beware of Bad Economic Policy - The Balanced Budget Amendment Set to Return

The long-ago defeated proposal for a balanced budget amendment is rearing its ugly head once again. Unable to pass a budget this year and desperate to create the appearance of being fiscally responsible, the Republican leaders in the House of Representatives are promising a vote on the measure.

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