April 8, 2009, The Economist — In a Manhattan park on March 31st the Unemployment Olympics took place. Participants competed in events such as the “Telephone Toss” and “Pin the Blame on the Bosses”. But other unemployed people are looking for charity work to occupy their time. Many non-profit organisations are seeing an increase in people looking to help. Even before the economic crisis, AmeriCorps, a programme which takes young volunteers for a year, was turning away two applicants for every one it accepted. Teach for America, which sends recent college graduates to teach in needy schools, saw 35,000 students apply for up to 4,000 openings this year. In February VolunteerNYC.org, New York’s public-service site, saw a 27% increase in visitors compared with a year ago.
Teach for America
When the economy slumped, Althea Collins was among 100 people let go in November from Fair Isaac Co. in San Rafael, the firm that created the FICO credit score system to determine loan interest rates.
According to a recent study by the National Association of Colleges and Employers, companies intend to hire 22 percent fewer college graduates this year compared to last year's class. In early reports from the NACE's study of 2009 graduating seniors due out in April, as many as 63 percent of students surveyed are concerned that the economy will negatively affect their job prospects.
Feeding America, the nation's largest hunger-relief organization, announced today that it will partner with Gap Inc. through its "Give & Get" program to help raise funds for Feeding America's essential country-wide food assistance programs.