Home
/
RELIGION & LIBERTY ONLINE
/
Unemployment as economic-spiritual indicator — July 2017 report
Unemployment as economic-spiritual indicator — July 2017 report
Dec 28, 2024 3:37 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 (+): 209,000

Unemployment rate (NC):4.3 percent

Total number unemployed (NC): 7 million.

Employment-population ratio (NC): 60.2 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 25.9 percent of the unemployed.

Civilian labor force participation rate (NC): 62.9 percent.

Persons employed part time for economic reasons (NC): 5.3 million.

Discouraged workers (-): 536,000.

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
The legacy of Aleksandr Solzhenitsyn; The human cost of unemployment, Part I
On this episode of Radio Free Acton, John Couretas, Acton’s director munications, talks with Daniel J. Mahoney, professor of political science at Assumption College, about the legacy of Aleksandr Solzhenitsyn in light of Solzhenitsyn’s memoir recently released in English, “Between Two Millstones Book I: Sketches of Exile,” the first of two books in which Solzhenitsyn recounts his exile in the West. Afterwards, reporter Anne Marie Schieber takes us on the first of a three-part series exploring the difficulty of unemployment....
Explainer: What you should know about the 2018 partial government shutdown
What just happened? On Friday the federal government entered a partial shutdown after the Senate failed to pass a spending bill that includes border wall funding. President Trump refuses to sign any additional funding that does not include $5.1 billion in additional money to pay for an extension of the border wall, allowing him to fulfill his primary campaign promise. What is a partial government shutdown? A government shutdown occurs either when Congress fails to pass funding bills or when...
A ‘wonderful world’ greets us in 2019
Just after the ball drops in Times Square in New York City, it has e a traditional to follow the singing of “Auld Lang Syne” by playing Louis Armstrong’s “What a Wonderful World.” No song could better capture the prosperous world that greets 2019, writes Philip Booth, Ph.D., in an essay posted today on the Acton Institute’s Religion& LibertyTransatlanticwebsite. Booth relates a number of statistics that show the world has improved and shows signs it will continue improving — before...
What you can do this coming new year to increase economic freedom
When we think of the concept “economic freedom” we often think about essential liberties and the factors that make them possible (e.g., free markets, the rule of law, and property rights). But for Christians economic freedom is not an end unto itself but the means for freeing our resources to use in ways that God intends. Being free of the bonds of economic statism is therefore useless if we use our liberty to enslave ourselves. As Kevin DeYoung asks, Do...
Top 10 PowerBlog posts for 2018
As e near to the end of another year, we want to thank readers of PowerBlog for menting, and sharing our posts over the past twelve months. If you’re a new reader we encourage you to catch up by checking out our top ten most popular posts for 2018. #1 — Justice Alito exposes the hypocrisy of liberal double-standards Joe Carter You probably haven’t even heard about it, but yesterday there was an exchange in the Supreme Court that future...
UK govt to investigate global Christian persecution
As the Westcontinues to celebrate the 12 days of Christmas which extend into the New Year,some 215 million Christiansworldwide face violence or repression. On the day after Christmas, the Britishgovernment launched a review of Christian persecution in “key countries” –especially in the Middle East, Asia, and Africa – and to seek ways the UK canhelp those who are suffering. Christianity is on the“verge of extinction in its birthplace,” saidForeign Secretary Jeremy Hunt, who ordered the report. “So often the persecution...
Criminal justice reform: What does economics have to say?
This is part two of a series on criminal justice reform. Read part one here. For many, crime and criminal justice are not obvious economic issues, despite their effects on public budgets due to the cost of courts, policing, investigating crimes, and much more. Private efforts impose significant costs, as well, whether from house alarms, flood lights, or door locks, not to mention the costs incurred by victims. But costs such as these are not the primary source of economic...
Joy for the world: The true source of our economic witness
As the culture around us continues to move farther into post-Christian territory, the Christian response has often taken the shape of heavy-handed strategy or top-down mobilization. The goal: to win the culture back! In our economic activity, we focus on starting “Christian businesses” or “social enterprises” and using our profits and salaries to fund “kingdom endeavors.” In our political action, we opt for politicians who share specific religious beliefs, hoping they will somehow set the world to rights. In the...
5 Good news stories from 2018 you might have missed
Half the world is now middle class or wealthier For the first time since agriculture-based civilization began 10,000 years ago, the majority of humankind is no longer poor or vulnerable to falling into poverty. By our calculations, as of this month, just over 50 percent of the world’s population, or some 3.8 billion people, live in households with enough discretionary expenditure to be considered “middle class” or “rich.” Population without access to electricity falls below 1 billion In a sign...
The 5 deep spiritual reasons we love ‘It’s a Wonderful Life’
Over the last century no movie has been more synonymous with the Christmas season than It’s a Wonderful Life. It endures, more than seven decades after its release, because it strikes at least five deep spiritual chords in every human heart. (It bears noting: A copyright lapse allowed this modestly successful movie to e a staple of holiday programming for generations. ) It’s a tale of sacrifice, and choosing well It’s a Wonderful Life chronicles George Bailey’s evolution from a...
Related Classification
Copyright 2023-2024 - www.mreligion.com All Rights Reserved