Home
/
RELIGION & LIBERTY ONLINE
/
Unemployment as economic-spiritual indicator — February 2018 report
Unemployment as economic-spiritual indicator — February 2018 report
Jan 11, 2025 7:01 PM

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
Review: Bradley Birzer’s Russell Kirk biography invites us to reconsider conservatism
This is the fifth in a series celebrating the work of Russell Kirk in honor of his 100th birthday this October. Read more from the serieshere. During the twentieth century, one man in particular took it upon himself to make a project of defining and perhaps re-invigorating an American conservatism which the prominent cultural critic Lionel Trilling dismissed as “a series of irritable mental gestures.” I remember picking up a copy of Russell Kirk’s The Conservative Mindmany years ago. As...
William Penn on the three fundamental rights of citizens
Yesterday was the birthday ofWilliam Penn, the influential English Quaker and founder of Pennsylvania. This year also marks the 300th anniversary of his death. Although Penn was an Englishman, he became, as Gary M. Galles says, the first great champion of American liberty. As Galles notes, When Charles II died, a large debt to Penn’s father was settled in 1681 by granting him what would e Pennsylvania. Penn implemented his authority over the colony in his 1682Frame of Government, Pennsylvania’s...
How the populist moment can become the liberty moment
Since the War of Independence, the American self-image has set individual liberty against oligarchic power. Abraham Lincoln encapsulated this when he described the American experiment as a government “of the people, by the people, for the people.” Perhaps it was inevitable that populism, in the form of the People’s Party, was born on U.S. soil – and that, as it experiences a modern-day resurgence, it begins in the United States. The original Populists described themselves as “the plain people” fighting...
Radio Free Acton: Was Jesus a socialist? The importance of poetry
On this episode of Radio Free Acton, Dan Hugger, Research Associate at Acton, speaks with Larry Reed, President of the Foundation for Economic Education, about the question that seems to be cropping up everywhere nowadays: Was Jesus a socialist? Then, Bruce Edward Walker talks to James Matthew Wilson about his new volume of poetry and on why poetry is important today. Check out these additional resources on this week’s podcast topics: Read “Jesus would have voted socialist, says Germany’s Left”...
The reason young people embrace socialism revealed
Why do young people throughout the West have an increasingly positive view of socialism? The answer has been ferreted out between the lines of a survey recently conducted for the Charles Koch Institute. Young people’s infatuation with socialism remains one of the most lamented (or celebrated) facts of the cultural landscape – but both sides agree, it is an undeniable fact. Americans under the age of 30 hold a more favorable view of socialism than capitalism, according to a Gallup...
The political manipulation of religion
The fact that something is political does not mean that it is not religious, says Paul Marshall. Instead of describing something as political, not religious, we might should describe it as the political manipulation of religion, or the insincere use of religion: This stress that events are not religion but politics can lead to misunderstanding the nature of both religion and politics. It can be akin to saying that a table is not round but red. But tables can be...
Sir Roger Scruton: How to preserve freedom in the West
One of the leading philosophers of our time says Western culture will have to be handed down outside the ivory towers and college lecture halls – and he has strong reason to believe that its promulgators will be successful. Sir Roger Scruton’s optimism is not unfounded; he found the dissident, underground munities munist-dominated Europe had a greater thirst for truth and Western culture than their contemporaries in the politically correct West. Scruton reminisced about his career as a pioneering thinker...
Understanding Bolsonaro
When Jair Messias Bolsonaro walked into TV Cultura’s studio in July, no one had any idea of ​​the political tsunami that would engulf Brazil 90 days later. The “Roda Viva” is the oldest talk show on Brazilian television; a group of eight journalists sit on a wheel-shaped bench and in the center lies the interviewee. That Monday, Bolsonaro spoke about how he would toughen criminal laws, turn back the sexual revolution, and restore Christian morality. He admitted to not understanding...
How a Protestant pastor defended Brazil’s Catholics
It was in Brazil’s 2010 elections that the majority of the voters first learned about Silas Malafaia. It was also the election in which the left-wing president Lula da Silva reached the height of his political power. Lula was one of the most successful left-wing populist leaders of Latin America in the first two decades of the 21st century. He had all the pragmatism of a Tammany Hall boss. He could be applauded by a crowd of Communists one day...
The economics of choosing the right career
Note: This is post #97 in a weekly video series on basic economics. Warning for young people: having a college degree no longer guarantees you’ll be able to find a good job, much less have a promising career. Four-year college graduates with entry-level jobs actually earned more in 2000 than they’re earning today. Choosing a good career requires planning beyond getting a college education, says Tyler Cowen of Marginal Revolution University. In this video he explains why you’ll want to...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved