Home
/
RELIGION & LIBERTY ONLINE
/
Unemployment as Economic-Spiritual Indicator — October 2015 Report
Unemployment as Economic-Spiritual Indicator — October 2015 Report
Oct 8, 2024 10:13 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): 7.9 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): 2.1 million and accounted for 26.8 percent of the unemployed.

Civilian labor force participation rate (NC): 62.4 percent.

Persons employed part time for economic reasons (+): 5.8 million.

Discouraged workers (-): 665,000.

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
Kuyper on Christians’ twofold citizenship
In 1887, Abraham Kuyper helped lead a secession from the mainline Reformed church in the Netherlands. A few months later at the Free University in Amsterdam, Kuyper delivered a speech entitled “Twofold Fatherland,” in which he describes the earthly and heavenly citizenship of Christians, and how these realities impact our understanding of our responsibility and identity in this world. Given the rise of various forms of nationalism, populism, and tyranny around the world today, I can think of no message...
Are Roman Catholics more likely to support the EU than Protestants?
As the UK sets out its negotiating policies for Brexit this week and next, it is no secret that European nations remain deeply divided over the role of the European Union. But what role does religion play in how nations see the EU, the Single Market, and the promise of an“ever-closer union”administered from Brussels? That underexplored question is the heart ofThePolitical Theology of European Integration by Mark Royce, which is the subject of a new review atReligion & Liberty Transatlantic....
How a struggling widow became a farmer, welder, and seamstress
After losing her husband, Tinashe Butau of Zimbabwe didn’t know what to do. She was now a single mother with four children to feed, and she needed to find a way to provide. When a friend told her about a savings group through a local church, Tinashe saw an opportunity. “I was tired of living from hand to mouth,” she says. “The group provided a means out of poverty and beyond living hand to mouth.” The savings group, which originated...
Frank Bruni, Charlottesville, and the retreat from reason
On Saturday, New York Times columnist Frank Bruni wrote a column that appeared to promote the same kind of identity politics that exploded in violence one day earlier in Charlottesville. He began: I’m a white man, so you should listen to absolutely nothing I say, at least on matters of social justice. I have no standing. No way to relate. My color and gender nullify me, and it gets worse: I grew up in the suburbs. Dad made six figures....
Wall Street Journal: ‘The Acton Institute’s Moral Capital’
In its “Houses of Worship” column today, the Wall Street Journal examined how the Acton Institute continues to work for economic liberty, even though that project looks “unfashionable” these days. Writer Mene Ukueberuwa interviewed Acton co-founder and President Rev. Robert A. Sirico, and Kishore Jayabalan, director of Istituto Acton in Rome. The writer noted that opinion polls show declining support for free markets among Christians but said that Acton was continuing its work, without polemics: Far from the Christian capitalist...
What did John Calvin think about economics?
“It is odd to call someone so famous an ‘underrated thinker’ but indeed Calvin is,” says economist Tyler Cowen. One of the reasons Calvin is so underrated is that he is so often misunderstood. Most people’s perception of Calvin is not based on his work but on the most dour members of the group we now call Calvinists (which includes me, though I’m not crazy about that label). Calvin was one of the best minds of his day. From an...
We are getting income inequality wrong – and that’s dangerous
People tend to be poor because they are excluded from market exchange, says Anne Rathbone Bradley in this week’s Acton Commentary. Wealth redistribution doesn’t change that but reforming cronyism does. What we need to ensure is that financial capital doesn’t e equivalent to political power for corporations. The topic of e inequality is not new, but it is increasingly dominating academic and policy conversations. When French economist, Thomas Piketty, wrote a 704-page tome on e inequality in 2014 it sold...
On modern economics and the reading of old books
I was living with thousands of Marines on a base in Japan when I discovered a novel about a handful of Classics students living at a small, eliteVermontcollege. Donna Tartt’s The Secret History instantly became on of my favorite books, partially because at the time (1993) I was dreaming of leaving the Corps and attending St. John’s College, a small college famous for their Great Books program. But I came upon a passage in Tartt’s novel that made me realize...
Video: Rev. Robert Sirico on the Vatican’s targeting of evangelical and Catholic collaboration
President and Co-Founder of the Acton Institute, Rev. Robert Sirico, was recently interviewed on EWTNby news anchor Raymond Arroyo to discuss a recent controversial article published by La CiviltàCattolica. The article, approved by the Vatican, received much criticism because it targeted “conservative evangelical and Catholic collaboration around social issues.” Sirico parses the issues revolving around the article, stating how the article was “not substantive and did not exhibit any kind of real understanding of evangelicalism or of conservative, traditional Catholicism.”...
Radio Free Acton: Jacqueline Isaacs on Christianity and libertarianism; Upstream on War for the Planet of the Apes
This week on Radio Free Acton we talk with Jacqueline Issacs, co-author of the recently released bookCalled to Freedom: Why You Can Be Christian and Libertarian,about her ing Acton on Tap lecture and to talk a little about why you can be a libertarian Christian; Acton senior research fellow Jordan Ballor conducts that interview. After that Bruce Edward Walker is back with the latest edition of Upstream, talking with Acton summer intern Anita Chen about War for the Planet of...
Related Classification
Copyright 2023-2024 - www.mreligion.com All Rights Reserved