Nonprofit groups are growing source of jobs
By Waqas Naeem, Scripps Howard News Service
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With nearly 1.5 million nonprofit organizations across the nation, the sector has become an important part of the U.S. economy
Nonprofits accounted for 9 percent of all wages and salaries in 2009, according to the Urban Institute's National Center for Charitable Statistics. They contributed 5.4 percent of the country's Gross Domestic Product that year, and they held an eye-popping total of $4.3 trillion in assets, up from $2.4 trillion in 1999 -- a 39 percent increase after adjusting for inflation.
They also have become a burgeoning source for jobs. Undeterred by the recession, nonprofit employment increased at an average rate of 1.9 percent from 2007 to 2009, according to a recent study by the Center for Civil Society Studies at Johns Hopkins University..."
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