Home
/
RELIGION & LIBERTY ONLINE
/
Unemployment as economic-spiritual indicator — February 2018 report
Unemployment as economic-spiritual indicator — February 2018 report
Apr 19, 2025 5:29 AM

Series Note: Jobs are one of the most important aspects of a morally functioning economy. They help us serve the needs of our neighbors and lead to human flourishing both for the individual and munities. Conversely, not having a job can adversely affect spiritual and psychological well-being of individuals and families. Because unemployment is a spiritual problem, Christians in America need to understand and be aware of the monthly data on employment. Each month highlight the latest numbers we need to know (see also: What Christians Should Know About Unemployment).

Positive news is marked with the plus sign (+) while negative employment data is marked with a minus sign (-). No significant change is marked by (NC).

Number of new jobs added (+): 313,000.

Unemployment rate (NC):4.1 percent

Total number unemployed (NC): 6.7 million.

Employment-population ratio (NC): 60.4 percent.

Change by worker groups: adult men (NC), adult women (NC), teenagers (+), blacks (NC), whites (NC), Asians (NC), and Hispanics (NC).

Long-term unemployed (NC): 1.4 million and accounted for 20.7 percent of the unemployed.

Civilian labor force participation rate (NC): 63.0 percent.

Persons employed part time for economic reasons (NC): 5.2 million.

Discouraged workers (+): 373,000.

Glossary:

Unemployment: According to the federal government, to be unemployed a person must (a) be jobless, (b) looking for a job, and (c) available for work.People are considered employed if they have a job (whether temporary, part-time, etc.). People who are neither employed nor unemployed are considered to be not in the labor force.

Unemployment rate: Calculated by dividing the number of unemployed individuals by all individuals currently in the labor force.

Total number unemployed: number of people unemployed in America in the previous month.

Employment-population ratio: measures the proportion of the country’s working-age population (ages 16 to 64) that is employed. This number includes people that have stopped looking for work.

Change by worker groups: whether the number of unemployed in that group increased or decreased.

Long-term unemployed: People who have been unemployed for 12 months or longer.

Civilian labor force participation rate: share of the population 16 years and older working or seeking work.

Persons employed part time for economic reasons: individuals who would have preferred full-time employment but were working part time because their hours had been cut back or because they were unable to find a full-time job.

Discouraged workers: unemployed individuals who have stopped looking for work for one of four reasons:

1. They believe no job is available to them in their line of work or area.

2. They had previously been unable to find work.

3. They lack the necessary schooling, training, skills, or experience.

4. Employers think they are too young or too old, or they face some other type of discrimination.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Are You an Athlete or a Spectator?
Today at Ethika Politika, I caution against the sort of scapegoating that justifies ideologies at the expense of human effort: Do you support capitalism? Socialism? Distributism? Something else? Wonderful. What does that look like among the mess of market forms that actually constitute the economy you participate in every day? Rather than criticizing those policies that fall short of your saintly ideal or align too closely with your Hitler, what ones constitute a first step in the right direction for...
Kill The Girls, Traffick The Girls
India’s culture, like many others, prefers boys. Not only do they carry on the family name, they don’t cost the family a dowry. (Dowries are officially outlawed in India, but the practice continues.) There is a cottage industry in India of ultrasound machines: if it’s a boy, celebrate! If it’s a girl….the response is often abortion, and “try again.” Like China, India is now suffering the consequences of gendercide. There are not enough brides for the young men of India....
Video: Sirico Discusses Multiculturalism on Cavuto
Acton Institute President Rev. Robert A. Sirico made an appearance on Thursday afternoon on Fox News Channel’s Your World with Neal Cavuto. Recently, Cavuto has been addressing the topic of multiculturalism in recent shows, featuring guests like Nigel Farage, leader of the UK Independence Party in Great Britian, and Alveda King, niece of Rev. Martin Luther King, Jr., both of whom share deep concerns about the impact of multicultural philosophy and policy on our cultural cohesion. Yesterday, Neil Cavuto asked...
Celebrating Grandparents as Caregivers
For the first three years of my life, I lived with and was primarily raised by my grandparents. While I was always grateful for the experience, I never realized until I was a parent myself of the depths of their sacrifice, and the burden and stress raising an infant put on them. Like many other seniors, they didn’t get the credit or recognition they deserved for being caregivers. This role of grandparents is often overlooked, despite the fact that in...
Stay At Home Mom? Yeah, You Don’t Count
I loved being a stay at home mom. Sure, it was tedious some days and there were times when I was a bit weary of mac and cheese, but overall, I loved it. I enjoyed watching my kids grow, learning with them, enjoying leisurely days of bug watching, sidewalk chalk and cartoons. Imagine my surprise when I found out that being a stay at home mom doesn’t count as work. Not real work: you know, the kind of work where...
Are Fast Food Strikers Just Political Agitators?
According to Thomas McCraw, who is the author of American Business, 1920-2000: How it Worked, “More people in the U.S. workforce were getting their first job at McDonald’s than at any other employer, including the Army.” By the end of this 80 year period, McDonald’s employer turn over rate was just over 200 percent per year. It was a temporary job, primarily for students. This factor has changed somewhat. I remember in an ethics class in seminary we had to...
Helping No One By Being Socially Aware And Active
If you were told by your doctor to lose weight, you’d likely do what most people do: exercise more and eat healthier food. Jason Scott Jones and John Zmirak have a better plan in mind: Step 1: Start a fitness blog, collecting the best arguments you can find against obesity. Step 2: Comb the Bible, Pope Francis’ Tweets, and the work of your fellow bloggers, for the choicest quotes on the deadly sin of Gluttony. Then post them in ments...
Notes on the Question of Inequality
French economist Thomas Piketty This summer’s issue of The City, which includes an article by myself on Orthodoxy and ordered liberty, opens with a symposium of five articles on “The Question of Inequality.” These include two articles on Pope Francis, two on French economist Thomas Piketty’s recent bookCapital in the Twenty-First Century, and one on the Bible. Having recently written a two part article on the subject for the Library of Law & Liberty (here and here), I took copious...
7 Figures: Prevalence of Violence Against Children
The UNICEF report Hidden in Plain Sight, which draws on the pilation of data on violence against children, reveals the disturbing prevalence of physical, sexual, and emotional abuse of children around the globe. According to the report the effects of violence on children are often lasting and have inter-generational repercussions. Findings reveal that exposed children are more likely to e unemployed, live in poverty, and be violent towards others. The authors of the report note that the data is derived...
Let’s Bring Back the Ignominy of Being a ‘Deadbeat Dad’
“Deadbeat Dads”—absent fathers who don’t provide financial support for their children—are one of the most significant factors contributing to child poverty in America. So why do some single women have children outside of marriage when they know they will receive little to no support from the child’s father? A new study from the University of Georgia and Boston College attempts to answer that question. The authors created an economic model to simulate a scenario in which every absent father was...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved