Home
/
RELIGION & LIBERTY ONLINE
/
Unemployment as economic-spiritual indicator — December 2016 report
Unemployment as economic-spiritual indicator — December 2016 report
Sep 30, 2024 9:28 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).

Overview:While most of the metrics were positive, few jobs were added and a large number of Americans dropped out of the labor for, making this one ofthe worst jobs report in years.

Number of new jobs added (-): 156,000

Unemployment rate (NC):4.7 percent

Total number unemployed (+): 7.4 million.

Employment-population ratio (NC): 59.7 percent.

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

Long-term unemployed (NC): 1.8 million and accounted for 24.2 percent of the unemployed.

Civilian labor force participation rate (NC): 62.7 percent.

Persons employed part time for economic reasons (NC): 5.6 million.

Discouraged workers (+): 426,000.

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
Best Commencement Speeches?
The Blaze has rounded up “5 of the Best Conservative Commencement Speeches” for 2013. Here are a few choice quotes: Cardinal Timothy Dolan at Notre Dame University: “… you are asked the same pivotal question the Archangel Gabriel once posed to her: will you let God take flesh in you? Will you give God a human nature? Will He be reborn in you? Will the Incarnation continue in and through you?” Cardinal Dolan asked Notre Dame’s graduating class. “Here our...
Rising Intolerance For Christians In Europe
Catholic Bishop Mario Toso, the secretary of the Pontifical Council for Justice and Peace says “intolerance and discrimination against Christians have not diminished” but increased, despite more attention to the problem. There are many areas where intolerance against Christians can clearly be seen, but two stand out as being particularly relevant at present. The first is intolerance against Christian speech. In recent years there has been a significant increase in incidents involving Christians who have been arrested and even prosecuted,...
Abraham Kuyper as a Third-Way Thinker
The Calvinist International recently interviewed Allan Carlson, author of Third Ways: How Bulgarian Greens, Swedish Housewives, and Beer-Swilling Englishmen Created Family-Centered Economies – And Why They Disappeared Could you tell us a bit about your view of how the Dutch polymath Abraham Kuyper influences your project? I came across Abraham Kuyper fairly late, but was delighted to discover such a munitarianism within the modern Reformed/Calvinist tradition. Calvinism has too often been associated, of late, with individualism, modernism, and capitalism. Such...
Why Government is Not Just a ‘Necessary Evil’
In the Federalist Papers James Madison claimed that, “If men were angels, no government would be necessary.” But is that true? James R. Rogers, an associate professor of political science at Texas A&M University, explains why some form of government would be necessary even if man were still in a prelapsarian state of nature: [E]ven without the Fall, there would be a role for civil government for the duly recognized person who exercises civil authority. Even in an unfallen society,...
Babel Inverted: The Power and Promise of Pentecost
Over at First Things, Peter Leithart uses the occasion of Pentecost as a launching pad for highlighting the primary theme of his latest book: “The West has been busy building neo-Babel” and the time is ripe for repentance and revival: We’ve dispensed with the effort to connect heaven and earth, since up above it’s only galaxies. But we share the other aspirations of Babel, as well as Babel’s humanist orientation. Classes and ethnicities can be synchronized, we think, without divine...
Solidarity: Treating Each Other Justly Even When Government Isn’t Looking
At Aletetia, John Zmirak gives an interesting treatment of “solidarity”, a word we don’t talk about too much, either in government, philosophy or theology. However, as Zmirak points out, without solidarity, “tyranny creeps in.” The central principle of solidarity in practice is simple and timeless – the Golden Rule: “Do unto others as you would have them do unto you.” This ethical maxim, which Jesus quoted from the Old Testament, exists in some form in every culture on earth –...
Commentary: A Heart for the Poor — and a Mind for Economics
Isn’t it time that young evangelicals reject economics lessons from “the well-intentioned 38-year-old alum who is super liberal and carries clout with the student body because he listens to the same music as the kids he works with”? R.J. Moeller thinks so, and laments “the staggering lack of serious thought, inquiry, prehension regarding basic economic concepts – many that plainly cry out from the pages of Scripture – among not only the average church-going Christian, but the influential voices in...
Catholic University’s Virtues-Based Business School: An Interview with Andrew Abela
Earlier this year, the Catholic University of America announced the creation of a School of Business and Economics that will be “distinctively Catholic.” The new school offers a model based on Catholic social doctrine and the natural law that is unlike theories prevalent at most leading business schools.“Business schools focus on mercial skills and rules of ethics, but they neglect the importance of character,” says Andrew Abela, the school’s dean and Acton’s 2009 Novak Award Recipient. “Our distinctive idea is...
Myanmar’s Two-Child Limit: Open Attack On Human Dignity
The nation of Myanmar (also known by the historic name Burma) has apparently instituted a two-child limit for Muslim families. The policy applies to two Rakhine townships that border Bangladesh and have the highest Muslim populations in the state. The townships, Buthidaung and Maungdaw, are about 95 percent Muslim. Nationwide, Muslims account for only about 4 percent of Myanmar’s roughly 60 million people. The order makes Myanmar perhaps the only country in the world to level such a restriction against...
5 Things To Know If You’re Attending Acton University
We are looking forward to Acton University, and if you’re registered and accepted, we hope you are, too. Here are five(ish) things to know about attending ActonU: Download the app. It has maps, schedules, and loads of helpful fortable shoes. Devos Place is beautiful and large, so you’ll be doing your fair share of walking. With that in mind….Enjoy Grand Rapids! If you have a day (or two) at either end of your ActonU schedule, take some time to enjoy...
Related Classification
Copyright 2023-2024 - www.mreligion.com All Rights Reserved