Home
/
RELIGION & LIBERTY ONLINE
/
Unemployment as economic-spiritual indicator — October 2018 report
Unemployment as economic-spiritual indicator — October 2018 report
Aug 8, 2026 1:28 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 (+): 255,000.

Unemployment rate (NC):3.7 percent.

Total number unemployed (NC): 6.1 million.

Employment-population ratio (NC): 60.6 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): 1.4 million and accounted for 22.5 percent of the unemployed.

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

Persons employed part time for economic reasons (NC): 4.6 million.

Discouraged workers (-): 506,000.

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
Genetic Patents: Moral Concerns
Last week the Federal Circuit Courthanded down what seemed to many a funny decision: that human genes are patentable. Myriad Genetics owns patents for two tumor suppressor genes, BRCA1 and BRCA2 (mutations of these genes are correlated with increased incidence of breast cancer, making them of great interest to doctors and scientists). Myriad was sued by doctors and researchers who claim that genes fall into the category of “products of nature,” which makes them unpatentable, but the court disagreed. Myriad’s...
Benedict XVI on Europe’s Future
World Youth Day being held in Madrid August 16-21 will be an important opportunity for Pope Benedict XVI to speak regarding Europe’s Christian roots. George Weigel summarized some remarks from the Holy Father to religious and cultural leaders in Zagreb, Croatia. The pope spoke on many important topics including freedom, free society, human rights, and democracy. It is important to note that though obvious to many Americans, these points are still “wildly counter-cultural” in Europe. Like Weigel, I hope someone...
Perpetual Demonization of the Oil Industry
As citizens await state decisions on new state EPA “fracking” regulations, many are worried radical environmentalist promise a promising opportunity in the development of gas reserves. Natural gas advocates say radical environmentalists have long demonized the oil industry in their fight against free enterprise. Environmental groups claim fracking techniques to extract natural gas threatens the cleanliness of ground water, but their attacks contradict EPA studies that report there are no proven cases where fracking has contaminated water. Extreme environmental groups...
U.S. cash flushes just fine in Somalia
Yesterday it was announced by the State Department that the United States will provide an additional $105 million in aid to famine-stricken East Africa (we had previously contributed $405 million to fight drought in the region). Vice President Biden’s wife has just returned from a humanitarian visit, where she visited a camp of starving refugees and met with Kenyan leaders who are dealing with an influx of famished Somalis. Said Jill of her trip, One of the reasons to be...
Protect the Poor, Not Poverty Programs
My contribution to today’s Acton News & Commentary. Sign up for the free weekly Acton email newsletter here. Protect the Poor, Not Poverty Programs By John Couretas One of the disturbing aspects of the liberal/progressive faith campaign known as the Circle of Protection is that its organizers have such little regard – indeed are blind to — the innate freedom of the human person. Their campaign, which has published “A Statement on Why We Need to Protect Programs for the...
Where’s the Leadership?
Rumors are flying about a possible hearing involving Standard & Poor’s. It is believed the Senate Banking Committee is gathering information on the credit rating agency. Disgruntled over the loss of the government’s AAA rating, the rumored investigation is believed to be sparked by Treasury Department officials claiming that S&P’s judgment was affected by an error that overstated national debt projections by $2 trillion. And in the House, a few Republicans are wondering about talks S&P executives had with Treasury...
Wayne Grudem on Kresta in the Afternoon
Update: If you missed yesterday’s show here is the entire interview with Wayne Grudem. [audio: Today at 5 p.m. Wayne Grudem will be a guest on the Kresta in the Afternoon radio show on Ave Maria Radio. Grudem was interviewed in the Spring issue of Religion & Liberty . Grudem, the author of many books, also penned Politics According to the Bible and Business for the Glory of God. You can listen live to the interview at 5 p.m. here....
Gregg: Down on the Downgrade?
Standard and Poor’s decision to downgrade the United States’ credit rating has everyone talking. Discussion has ranged from we shouldn’t take Standard and Poor’s decision seriously at all to this could be the beginning of the end for the United States if it doesn’t make immediate changes. In a roundup published by National Review Online, Samuel Gregg weighs in on how the credit downgrade should be understood: There are many reasons to be cynical about ratings agencies. These are, after...
Christianity and East Germany
Uwe Siemon-Netto, a journalist and Lutheran theologian, reflects on the ing half-century anniversary of the construction of the Berlin Wall, “And the wall fell down flat.” He relates the story of the Christian peace movement and its role in tearing down the spiritual walls that helped to hold up the Berlin Wall. He talks about the social and spiritual consequences of the flight of so many from East Germany to West Germany: “By the time East German leader Walter Ulbricht...
The Debt Crisis and Washington Disconnect
A recent Rasmussen poll reflects what many are feeling in this country, a deep disconnect with Washington and its leaders. According to the polling firm, The number of voters who feel the government has the consent of the governed – a foundational principle, contained in the Declaration of Independence – is down from 23% in early May and has fallen to its lowest level measured yet. Seventeen percent of likely U.S. voters think the government has the consent of the...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved