Home
/
RELIGION & LIBERTY ONLINE
/
Unemployment as Economic-Spiritual Indicator — March 2016 Report
Unemployment as Economic-Spiritual Indicator — March 2016 Report
Dec 15, 2025 10:46 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 percent

Total number unemployed (NC): 8 million.

Employment-population ratio (NC): 59.9 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 27.6 percent of the unemployed.

Civilian labor force participation rate (NC): 63 percent.

Persons employed part time for economic reasons (NC): 6.1 million.

Discouraged workers (+): 585,000.

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
What you should know about deadweight loss
Note: This is post #24 in a weekly video series on basic microeconomics. When prices are controlled, the mutually profitable gains from free trade cannot be fully realized, creating what is known as deadweight loss. In this video by Marginal Revolution University, Alex Tabarrok shows how to calculate deadweight loss using our example of a price ceiling on gasoline. (If you find the pace of the videos too slow, I’d mend watching them at 1.5 to 2 times the speed....
5 ways the church can help the poor
munity includes people who are both materially poor and ‘poor in spirit’,” says Zachary Ritvalsky in this week’s Acton Commentary. “However, what exactly does it mean to say that people are ‘poor in spirit’?” To be “poor in spirit” is not the same as being economically poor, yet both kinds of poverty matter, and the church must address both. In mentary on Matthew, John Nolland interpreted the phrase like this: “The poor in spirit would be those who sense the...
Radio Free Acton: Anne Rathbone Bradley on the power of economic freedom
Today on Radio Free Acton, we talk with Anne Rathbone Bradley, Ph.D. She serves as Vice President of Economic Initiatives at The Institute for Faith, Work and Economics, and joins us to talk about the vital role that economic freedom plays in lifting people out of poverty. We also address some of mon clichés that are used to attack the market economy, and even take a short peek into the political economy of Al Qaeda. You can listen to the...
‘Instruction by which we may profit’: A guide to reading Tocqueville’s ‘Democracy in America’ (Part 1)
When Alexis de Tocqueville authored Democracy in America, a two-volume treatment of America, he wrote it “to find there instruction by which we ourselves may profit.” By “we,” Tocqueville was referring to his fellow Frenchmen, but although he may have written those words in 1835, we as Americans of the 21st century also have plenty to profit from Tocqueville’s wisdom, if we’ll but receive it. In the next several posts, we’re going to walk through Democracy in America methodically and...
Economist as prophet vs. savior
What do economists actually know? What can they possibly know? Assuming his usual role as the insider skeptic, economist Russ Roberts ponders those questions at length, concluding that far too much economic analysis is conducted and promoted with far too little humility. bination of economics with statistics in plex world promises a lot more than it delivers,” Robertswrites. “We economists should be more humble and honest about the reliability and precision of statistical analysis.” This is especially true in an...
5 Facts about the Congressional Budget Office (CBO)
On Mondaythe Congressional Budget Office (CBO) released its report on the projected effects of the House Republican plan to replace the Affordable Care Act. Here are five facts you should know about the federal agency that “scores” legislation: 1. The Congressional Budget Office (CBO) is an independent, nonpartisan federal agency within the legislative branch that provides analyses of budgetary and economic issues to support the Congressional budget process. (The CBO can sometimes be confused with the Office of Management and...
Explainer: What you should know about President Trump’s FY2018 budget
What is the president’s budget? Technically, it’s only a budgetrequest (and in this case, just a blueprint of a request). The budget request is aproposal telling Congress how much money the president believes should be spent on the various Cabinet-level federal functions, like agriculture, defense, education, etc. (The 62-page budget blueprintcan be found here.) Why does the president submit a budget to Congress? The Congressional Budget Act of 1974 requires that the President of the United States submit to Congress,...
Understanding the President’s Cabinet: HHS Secretary
Note: This is the eighth in a weekly series of explanatory posts on the officials and agencies included in the President’s Cabinet. See the series introductionhere. Cabinet position:Secretary of Health and Human Services Department:Department of Health and Human Services Current Secretary: Thomas E. Price, M.D. Succession:The HHS secretary is twelfth in the presidential line of succession. Department Mission:“It is the mission of the U.S. Department of Health & Human Services (HHS) to enhance and protect the health and well-being of...
5 facts about the Brexit vote and Scottish independence
Scottish First Minister Nicola Sturgeon meets with members of European Parliament. On Monday night, Parliament passed a bill allowing Prime Minister Theresa May to withdraw the United Kingdom from the European Union under Article 50 of the Lisbon Treaty. On the same day, Scottish First Minister Nicola Sturgeon called for Scotland to hold a second referendum on declaring independence from the UK. Here are five facts you should know about these momentous developments within the transatlantic alliance: 1. The bill...
Beyond a material understanding of poverty
As we continue to encounter the adverse effects of particular forms of foreign aid, it es increasingly clear that plex social and economic problems requires a level of care, concern, and discipleship not well suited to detached top-down “solutions.” But just as we ought to be more careful about the types of solutions we create, we ought to be equally concerned about the nature of the needs themselves, which are no plex or difficult to discern. Most typically, those blind...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved