Home
/
RELIGION & LIBERTY ONLINE
/
Unemployment as Economic-Spiritual Indicator — March 2015 Report
Unemployment as Economic-Spiritual Indicator — March 2015 Report
Feb 4, 2025 10:47 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): 5.5 percent.

Total number unemployed (NC): decrease to 8.6 million from 8.5 million.

Employment-population ratio (NC): 59.3 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): essentially unchanged at 2.6 million and accounted for 29.8 percent of the unemployed.

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

Persons employed part time for economic reasons (NC): 6.7 million.

Discouraged workers (-): increased from 732,000 to 738,000.

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
Explainer: What you should know about a government shutdown
Why is there talk about a government shutdown? In December Congress passed the Further Additional Continuing Appropriations Act, 2018 (H.R. 1370) which provides non-discretionary funding through January 19, 2018. Because that Act expires at midnight on Friday, Congress must pass a new continuing appropriations act to keep the government operating. Democrats in Congress are insisting that any new stop-gap spending measure to keep the government funded must include a legislative fix on the Deferred Action for Childhood Arrivals (DACA) act....
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,...
Asymmetric information in health insurance
Note: This is post #65 in a weekly video series on basic microeconomics. In this video by Marginal Revolution University, Tyler Cowen discusses asymmetric information, adverse selection, and propitious selection in relation to the market for health insurance. Health insurance e in a range of health, but to panies, everyone has the same average health. Consumers have more information about their health than do insurers. How does this affect the price of health insurance? Why would some consumers prefer to...
Radio Free Acton: Jennifer Roback Morse on family breakdown and the economy; Upstream on Darkest Hour
On this episode of Radio Free Acton, Trey Dimsdale, Director of Program Outreach at Acton, speaks with Jennifer Roback Morse, founder of the Ruth Institute, about her ing Acton Lecture Series talk on family breakdown and the economy. Then, on the Upstream segment, Bruce Edward Walker talks to Acton’s Patrick Oetting on the new film Darkest Hour. Check out these additional resources on this week’s podcast topics: Register here to attend Acton’s Lecture Series event on January 25, featuring Jennifer...
Economic problems are not driving opioid overdose deaths
The opioid epidemic has e one of the deadliest drug crises in American history. In 2015, more peopledied from drug overdosesthan in any year on record, and the majority of drug overdose deaths—more than six out of ten—involved an opioid. A study of emergency rooms in the U.S. also found that since 1999, the number of overdose deaths involving opioids (including prescription opioid pain relievers and heroin) nearly quadrupled. Altogether nearly half a million people died from drug overdoses in...
What you should know about Jubilee Years
Many politically progressive Christians have latched on to the concept of a “Jubilee year” as a biblically endorsed excuse for debt cancellations and as a way to “dismantle economic inequality.” But as a new study by Charles A Goodhart and Michael Hudson explains, Jubilee Years didn’t originate in ancient Israel, they weren’t really about egalitarianism, and they can’t readily be applied outside of agrarian based economies. Here are a few highlights from their paper: The Israelites borrowed the idea from...
The euro, Brussels, and the Russian bear
The government of Poland is part of the new surge of populism, openly defying the European Union on numerous policy fronts and rebuffing calls for an “ever-closer union.” So, why did its prime minister recently raise the possibility of adopting the euro? What is happening, and how should people of faith think about a single European currency? Are there moral issues at stake? “Adoption of mon euro currency should be understood first and foremost as politics, and only then as...
Macron’s Orwellian fake news fix
“On January 3, during his first press event of the new year, French President Emmanuel Macron presented a proposal intended to ‘protect the democratic life’ of France from ‘fake news,’” writes Marcin Rzegocki in this week’s Acton Commentary. Macron would make it “possible for judges to remove fake news stories, delete the links to them, block the sites, or close the offending users’ accounts.” The French president is not alone with his ideas to limit foreign information in his country....
The 5 biggest problems with Oxfam’s 2018 income inequality report
Oxfam has just released its annualreport, and the media have dutifully covered its conclusion that “82% of all growth in global wealth in the last year went to the top 1%, while the bottom half of humanity saw no increase at all.” Here are five significant concerns every Christian should have with it: Inequality is not the same as poverty The report admits, “Between 1990 and 2010, the number of people living in extreme poverty (i.e. on less than $1.90...
Apply today for a 2018 internship at Acton
A 2016 NACE Center report on millennial hiring indicated that internships help 81.1 percent of graduates “shift their career directions either slightly or significantly.” At Acton, we place an emphasis on assisting young men and women to discover their vocational calling through internships. The holiday season may have just ended, but we already find ourselves anticipating the energy and enthusiasm that 18 young leaders will bring to the Acton office this summer. In addition, we have re-branded the Acton summer...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved