Home
/
RELIGION & LIBERTY ONLINE
/
Unemployment as Economic-Spiritual Indicator — February 2016 Report
Unemployment as Economic-Spiritual Indicator — February 2016 Report
Oct 4, 2024 5:25 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).

Unemployment rate (NC): 4.9 percent

Total number unemployed (NC): 7.8 million.

Employment-population ratio (-): 59.8 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): 2.2 million and accounted for 27.7 percent of the unemployed.

Civilian labor force participation rate (NC): 62.8 percent.

Persons employed part time for economic reasons (NC): 6.0 million.

Discouraged workers (+): 599,000.

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
6 Quotes: Angus Deaton on Poverty
Yesterday, Princeton economist Angus Deaton won the Nobel prize in economic sciences for his work on “analysis of consumption, poverty, and welfare.” In honor of this recognition, here are six quotes by Deaton on poverty: On poverty measurements: “Poverty lines are as much political as scientific constructions.” On measuring global poverty: “Measuring poverty at the local level is straightforward, at the national level it is hard but manageable, but at the level of the world as a whole it is...
The Catholic Church And Labor Unions: Belonging To The Former Does Not Mean Membership To The Latter
In places like Chicago, ties between unions and Catholics often run deep. However, with right-to-work ing a voting issue in many states, the intersection of union membership and church membership is ing a hot topic. Chicago Archbishop Blase Cupich got himself tangled in this arena this week: At the request of local unions, Chicago Archbishop Blase Cupich recently spoke at a West Side union hall about the church’s teachings on work and workers. After the speech, Democrat House Speaker Michael...
There is No Such Thing as ‘The Poor’
“With the news this week that Angus Deaton of Princeton University had won the economics Nobel,” says Victor V. Claar in this week’s Acton Commentary, “the question of how best to help the poor in developing nations takes on a greater level of urgency.” When es to understanding the specifics of global poverty, Deaton’s achievements are especially impressive. By pioneering household surveys in poor countries, he helped us gain a more accurate perspective on living standards and the particular consumption...
State Department Report on Religious Freedom Highlights Christian Persecution
Yesterday the State Department released its International Religious Freedom Report for 2014. A wide range of U.S. government agencies and offices use the reports for such efforts as shaping policy and conducting diplomacy. The Secretary of State also uses the reports to help determine which countries have engaged in or tolerated “particularly severe violations” of religious freedom in order to designate “countries of particular concern.” A major concern addressed in this year’s report is the violent opposition to religious freedom...
Religious Shareholder Activism an Inside Job to Harm Companies and Investors
The Manhattan Institute Centers’s “Proxy Monitor Season Wrap-Up” is hot off the press, and the findings presented by author James R. Copland, are remarkable. Since 2011, MIC has monitored shareholder activism, which it describes as efforts “in which investors attempt to influence corporate management through the shareholder-proposal process.” This year’s wrap-up includes MIC-researched data from corporations’ annual meetings held by the end of June 2015. By that time, “216 of the 250 largest panies by revenues” pleted their meetings, which...
The Call of the Martian
I sawThe Martian this week and was struck by the number of resonant themes on a variety of is issues, including creation, creativity, innovation, entrepreneurship, exploration, work, suffering, risk, and civilization. I won’t be exploring all of these in the brief reflections below, but will simply be highlighting some salient features. The municates something seriously important about the threefold relations of human beings: to God, to one another, and to the creation. There will be some potential spoilers in the...
Wasteful Extravagance: Sara Groves on the Economy of Wonder  
“God somehow demands of us so much more than this transactional nature. It is really about the gift that we’ve been given, and the only response we can give back is with extravagance, with gratuitous beauty.” –Makoto Fujimura (Episode 6,For the Life of the World) We live in a society that has grown increasingly transactional in its way of thinking. Everything we spend or steward — time, money, relationships — must secure a personal reward or return. Even when we...
Laudato Energy Abundance
While it has been pointed out repeatedly by your writer and others in this space that Pope Francis’ Laudato Si contains much to mend it for the passion and depth of spirituality contained within, there remains much that is problematic. For example, there’s this: At the same time we can note the rise of a false or superficial ecology which placency and a cheerful recklessness. As often occurs in periods of deep crisis which require bold decisions, we are tempted...
Does Bitcoin Have an Energy Problem?
Over the past couple of years I’ve fallen into a habit of infrequently pointing out the flaws, dangers, and threats to Bitcoin as a viable cryptocurrency. While I find the experiment in alternative currency intriguing, I’m just as intrigued by criticisms made against Bitcoin. Even if Bitcoin ultimately fails, it will provide numerous valuable lessons about peer-based innovation, and the criticisms that were warranted can help us avoid pitfalls in the future. We won’t know, of course, which criticisms are...
Only in Jerusalem: Building Institutions Of Freedom
Religious liberty and economic freedom in the heart of … Israel? In September, the foundational message of the Acton Institute was featured at “Judaism, Christianity, and the West: Building and Preserving the Institutions of Freedom,” a conference that brought together Jewish and Christian scholars in Jerusalem. One featured speaker was Professor Daniel Mark, an Orthodox Jew and an assistant professor of political science at Villanova University, Pennsylvania’s oldest Catholic university. Mark is also a visiting fellow in the Department of...
Related Classification
Copyright 2023-2024 - www.mreligion.com All Rights Reserved