PressRelease May7,2012 Contacts AllisonSesso,[email protected],212‐836‐1127 ShanaMosher,[email protected],212‐836‐1125 JamesParrott,[email protected],212‐721‐5624 JoBrill,[email protected],914‐671‐9442 Newreports HSC:InvestinginHumanCapital:HowInvestmentsinHumanServicesSupportaStrong Economy‐http://www.whocares‐ido.org/mediaAttachments/HSC_JobSupportsFinalReport_5‐3‐ 12.pdf FPI:HelpingtheHelpersWillHelpUsAll:TheEconomicSituationofNewYorkCity’sHealth CareandSocialAssistanceSector‐http://fiscalpolicy.org/nonprofits.html TWONEWREPORTSSHOWHOWHUMANSERVICESNONPROFITS SUPPORTEMPLOYMENTANDHELPNEWYORK’SECONOMY NEW YORK, May 7, 2012 – A new report released today by the Human Services Council of New York(HSC),InvestinginHumanCapital:HowInvestmentsinHumanServicesSupportaStrong Economy,showshowhumanservicessuchaschildcareandyouthservices,seniorservices,and nutritionprogramsremovebarrierstoemploymentandmakeitpossibleforpeopletoremainin theworkforce. Asthemostrecentunemploymentfiguresshow,manyNewYorkersarestilloutofjobs.As unemploymentinNewYorkhoversat10percent,theneedforhumanservicescontinuesto increase.“Fartoomanyindividualsandfamiliesrelyonprogramslikechildcare,afterschool programs,seniorservicesandfoodpantriestohelpprovidejobsecurity,”saidMichaelStoller, ExecutiveDirectorofHSC.“Withouttheseservices,workingpeopleoftenfindthemselvesfaced withano‐winsituationthatforcesthemtoleavetheworkforce.” Alsotoday,theFiscalPolicyInstitute(FPI)releasedanupdatetotheir2009reportonNewYork City’snonprofitsector.Thenewreport,HelpingtheHelpersWillHelpUsAll:TheEconomic SituationofNewYorkCity’sHealthCareandSocialAssistanceSector,providesaprofileofthe city’snonprofitsectorandpresentsdataaboutthelocaleconomythatshowstheincreasedneed fornonprofitservices. ‐more‐ TwoNewReports:HumanServicesNonprofitsandtheNYCEconomy 2 “TheNewYorkCityhealthcareandsocialassistancesectorisbyfarthelargestemployerinthe city’sprivateeconomy,”saidJamesParrott,PhD,DeputyDirectorandChiefEconomistofFPI.“The humanservicessectorinNewYorkCityisnotonlyajobcreatorbutajobsupporterandcannot withstandadditionalcutsifthecitywantstoseecontinuedeconomicgrowth.” TheHSCreportpointsoutthathumanserviceshavebeenabridgeoutofpovertyformillionsof NewYorkersformanyyears.Notonlydotheseservicesreducetheeffectsofpoverty,buttheyalso providepathsandsupportstoemployment,preventingpeoplefromfallingintopovertyinthefirst place.InNewYorkCityMayorMichaelBloomberg’sExecutiveBudget,releasedlastweek,the humanservicessectorisfacinganother$175millionincuts.“NewYorkershaveenduredtoo manycontinuousyearsofdebilitatingcutsthathavethreatenednotonlyhumanserviceprograms, buttheonecriticalcomponentofkeepingpeopleabovethepovertyline—employment,”saidNew YorkCityCouncilGeneralWelfareCommitteeChairAnnabelPalma.“IapplaudHSCformakingthe criticalconnectionbetweentheimportanceofhumanservicestoourcommunitiesandthe continuedeconomicsuccessofNewYorkCity.” AccordingtotheHSCreport,whenparentshaveaccesstosubsidizedorlow‐costchildcare,they are82percentmorelikelytostayemployed.Manyworkingfamiliesalsorelyonseniorservicesto careforelderlyparents:thereportcitesstudiesshowingthat29percentoffamilycaregivers nationallyhavehadtoquittheirjobsoradjusttheirworkhourstocareforanelderlyfamily member. TheFPIreportshowsthatthecity’snonprofithealthcareandsocialassistanceemploys480,000 people,oneofeverysevenprivatesectorworkers.Overthepastfouryearsasthecityandnation havegrappledwithrecessionandaweakrecovery,thesectoradded31,400jobswhiletherestof thecity’sprivateeconomygainedonly1,700.Oftheworkersinthissector,80percentarefemale, 80percentareblack,LatinaorAsian,andmorethanhalfhaveattendedacollege. ThedemandforhumanserviceshasincreasedinthewakeoftheGreatRecession.TheFPIreport alsodetailsthehardshipsfacingNewYorkers.Many—hundredsofthousands—areunemployedin thisthirdyearofaveryweakrecovery.Thecity’spovertyratehasjumpedto21percent. Recession‐relatedjoblossesandwagereductionshavehitlow‐incomecityfamilieswithchildren especiallyhard,erodingtheirincomesby12to22percent.Perhapsthemosttellingindicatorof heightenedeconomichardshipsincetherecessionbeganisthetwo‐thirdsincreaseinthenumber ofNewYorkCityresidentsreceivingfoodstamps. TheHumanServicesCouncil(HSC)isthevoiceofthehumanservicescommunityinNewYork. ItrepresentsthousandsofNewYorknot‐for‐profitorganizationsandadvocatesfortheneedsof thehumanservicessectorasawhole.FormoreinformationabouttheHumanServicesCouncil andits“WhoCares?IDo.”campaign,visitwww.humanservicescouncil.organdwww.WhoCares‐ IDo.org.FollowthecampaignonTwitter:@WhoCares_IDoandFacebook:WhoCares?IDo. TheFiscalPolicyInstitute(FPI)isanindependent,nonpartisan,nonprofitresearchand educationorganizationcommittedtoimprovingpublicpoliciesandprivatepracticestobetterthe economicandsocialconditionsofallNewYorkers.Foundedin1991,FPIworkstocreateastrong economyinwhichprosperityisbroadlyshared.FPI’sreportsareavailableat www.fiscalpolicy.org. ####
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