Home
/
RELIGION & LIBERTY ONLINE
/
Unemployment as economic-spiritual indicator — March 2018 report
Unemployment as economic-spiritual indicator — March 2018 report
Jan 27, 2026 3:39 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).

Number of new jobs added (-): 103,000.

Unemployment rate (NC):4.1 percent.

Total number unemployed (NC): 6.6 million.

Employment-population ratio (NC): 60.4 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): 1.3 million and accounted for 20.3 percent of the unemployed.

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

Persons employed part time for economic reasons (NC): 5.0 million.

Discouraged workers (-): 450,000.

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
When you mock Christianity, you’re mocking women and minorities
Last month a judicial nominee was asked during a Senate hearing if his membership in the Knights of Columbus might impede his ability to judge federal cases fairly. Senators Mazie Hirono (D-Hawaii) and Kamala Harris (D-California)both questioned Brian C. Buescher about his membership in the Catholic service organization. Hirono even asked Buescher if he would quit the group if he was confirmed “to avoid any appearance of bias.” In response to this blatant anti-Catholic bigotry, Rep. Tulsi Gabbard (D-Hawaii) wrote...
Homeschooling a parent’s choice, not the state’s
Decades ago, when I was first ordained a priest, I shared a prejudice that many people hold: I thought homeschooling families were odd. I believed schooling children at home deprived such children of opportunities to be with other children causing them to be less able municate with others, socially awkward and reclusive and narrow in their experience and understanding of the world that they would one day have to grow up in and navigate. That was until I actually met...
Toward ‘humanomics’: Deirdre McCloskey on honoring the world of human creation
In her transformative Bourgeois Era trilogy, economist Deirdre McCloskey challenged our popular theories about the causes of our newfound economic prosperity, arguing that it sprung not from new systems, tools, or materials, but rather the ideas, virtues, and rhetoric behind them. “The Great Enrichment, in short, came out of a novel, pro-bourgeois, and anti-statist rhetoric that enriched the world,” she writes. “It is, as Adam Smith said, ‘allowing every man [and woman, dear] to pursue his own interest his own...
What Christians should know about marginal tax rates
Note: This is the latest entry in the Acton blog series, “What Christians Should Know About Economics.” For other entries inthe series seethis post. What it means: A marginal tax rate is the amount of tax paid on an additional dollar of e. The Explanation: What is the tax rate you pay on your current e? For most Americans, the question is surprisingly difficult to answer. The reason we don’t know our tax rate is because we have a progressive...
Radio Free Acton: Ashanti Bryant explains AmplifyGR; What is a government shutdown?
On this episode of Radio Free Acton, Acton’s Tyler Groenendal speaks with Dave Hebert, professor of economics at Aquinas College, about the current government shutdown and what effect is has on individuals and businesses. In another segment, we have a conversation munity revitalization with Ashanti Bryant, director of education at AmplifyGR, a nonprofit working to build flourishing neighborhoods in Grand Rapids, Michigan. Check out these additional resources on this week’s podcast topics: Register here to hear Ashanti Bryant speak on...
The Brexit deal defeat and confidence vote: Why Christians should care
UK Prime Minister Theresa May suffered the largest defeat in modern history last night, as Parliament rejected her Brexit deal by a vote of 202-432; she now faces a confidence vote that could turn her out of office.Rev. Richard Turnbull – who is both ordained in the Church of England and the directorof the Centre for Enterprise, Markets, and Ethicsin Oxford – explains the likely es in a new essay forthe Acton Institute’sReligion & Liberty Transatlanticwebsite.Christians should be concerned about...
The irony of Patagonia’s tax cut ‘protest’
In response to the recentRepublican-led tax reform—which reduced corporate taxes from 35% to panies have responded by handing out surprise bonuses, increased 401(k) matches, and various wage bumps. For pany like Patagonia, however, the tax cuts have been labeled “irresponsible,” a symbol of the federal government’s reckless apathy. In response, Patagonia CEO Rose Marcario recently announced that the outdoor pany will donate its $10 million tax-cut windfall to its preferred partners in battling climate change. “Instead of putting the money...
Understanding the quantity theory of money
Note: This is post #106 in a weekly video series on basic economics. The quantity theory of money states that there is a direct relationship between the quantity of money in an economy and the level of prices of goods and services sold. According to the theory, if the amount of money in an economy doubles, price levels also double, causinginflation. The consumer, therefore, pays twice as much for the same amount of the good or service. In this video...
Govt may deny homeschool families custody to teach tolerance: ECHR
The government has the right to remove children who are homeschooled from their parents’ custody if authorities believe their parents will not teach children “tolerance,” the European Court of Human Rights (ECHR) ruled last week. The Wunderlich family had claimed German authorities violated their innate human rights by denying them custody and forcibly enrolling their children in public schools to further their “social integration.” But the ECHR disagreed. Nearly three dozen police and social workers stormed the family’s home in...
Brexit and demophobia
Last night, the UK Parliament rejected Prime Minister Theresa May’s proposal towards an agreed exit from the European Union that would keep North Ireland part of the EU. And here we go again. This is yet another step in the endless drama initiated by the Brexit referendum which, contrary to all expectations, has resulted in a nationalist shout against the nation-state dissolution project in favor of a supranational entity based in Brussels, free of any democratic control. Needless to say,...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved