Home
/
RELIGION & LIBERTY ONLINE
/
Unemployment as economic-spiritual indicator — February 2018 report
Unemployment as economic-spiritual indicator — February 2018 report
Jun 8, 2025 2:18 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 (+): 313,000.

Unemployment rate (NC):4.1 percent

Total number unemployed (NC): 6.7 million.

Employment-population ratio (NC): 60.4 percent.

Change by worker groups: adult men (NC), adult women (NC), teenagers (+), blacks (NC), whites (NC), Asians (NC), and Hispanics (NC).

Long-term unemployed (NC): 1.4 million and accounted for 20.7 percent of the unemployed.

Civilian labor force participation rate (NC): 63.0 percent.

Persons employed part time for economic reasons (NC): 5.2 million.

Discouraged workers (+): 373,000.

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
Hugo Chavez and Jack London on why socialism kills
In an emotional story in the January 2020 issue of Reason, Jose Cordiero relays how “socialism killed my father” – through economic scarcity. His article highlights the life-and-death stakes of wealth creation. Cordiero writes that he was working in Silicon Valley when he got a call that his father had experienced kidney failure in Caracas. Yet even traveling to Bolivarian Venezuela became virtually impossible. The economic collapse ushered in by Hugo Chavez’s socialist policies dried up demand: Indeed, the number...
Worthwhile listening: Vladimir Putin, school choice, and Michael Card
As you relax or workout this week, you can take Acton’s issues – and even some of the people of Acton – with you. Two podcasts, produced on different sides of the Atlantic, would make ideal listening. Podcast 1: The BBC discusses U.S. school choice On Thursday, the BBC World Service program Outlook reported on the inspiring life story of Virginia Walden Ford in a segment titled, “A mother’s battle for her son’s education.” Ford is the subject of the...
Chilling video captures the moment socialism morphs into anti-Semitism
“Anti-Semitism,” quipped nineteenth-century German socialist August Bebel, “is the socialism of fools.” However, a chilling new video shows that socialism helps prime leftists to espouse anti-Jewish sentiments in an instant. The UK’s Labour Party in general, and party leader Jeremy Corbyn in particular, have long been accused of being indifferent to, or vaguely supportive of, anti-Semitism. “A new poison – sanctioned from the very top – has taken root in the Labour Party,” wrote the apolitical Chief Rabbi of the...
The road to London Bridge is paved with self-loathing
The day after Thanksgiving, the world saw a murderous terrorist prevented from maximizing his death toll by desperate people armed with nothing more than personal courage, a narwhal tusk, and a fire extinguisher. As I write at The Stream, unless the West jettisons its paralyzing doubt of itself and its historic faith, that scene threatens to e an “epoch-defining event.” Naively believing that all religions are alike, and that Western capitalism is uniquely exploitative, renders European culture incapable of understanding...
An encyclical on China and the US?
Sen. Marco Rubio’s recent speech on capitalism and mon good, taking its point of departure in Rerum Novarum, has gotten a good bit of coverage. Yesterday he delivered remarks at the National Defense University and opened with these words: This morning I am honored to speak here at the National Defense University to discuss the defining geopolitical relationship of this century: the one between the United States and China. Unfortunately, I was unable to find a papal encyclical on this...
The uneasy conscience of fair trade fundamentalism
In The Christian Century, Rev. David Mesenbring provides an accounting of his experiences with fair trade. Mesenbring, who was an early advocate and adopter of fair trade practices and policies, thinks there’s good reason to doubt the efficacy of the movement as currently stands. I was an early adopter of fair trade. Prior exposure to rural poverty in Africa had sensitized me to the plight of farmers in the global economy. Searching for a fair trade logo on my purchases...
Brian Tierney, rest in peace
The world of medieval history suffered a great loss on November 30 with the death of Professor Brian Tierney. Widely recognized as a leading scholar of medieval Western Christianity and how church law and institutions affected the broader culture of Europe, Tierney wrote widely but also deeply on topics ranging from the origins of papal infallibility to how religion shaped the development of constitutionalism. Born in 1922, the formative experience for Tierney was, like for most of his generation, the...
How reason and faith complement each other
Faith and reason are mutually reinforcing. When faith and reason bined, faith is kept from metastasizing into irrationality and reason is kept from ing overly materialistic. bination of faith and reason is the foundation of Western Civilization. In a new review of Samuel Gregg’s book, Reason, Faith, and the Struggle for Western Civilization, Gene Veith of Patrick Henry College notes that “[t]he scholastic theology of Roman Catholicism, grounded as it is in Aristotelian philosophy, does indeed integrate faith and reason,...
Video: David Hebert on how ice got to India
The 2019 Acton Lecture Series wrapped up last week Thursday with a lecture by David Hebert,assistant professor of economics and director of the Center for Markets, Ethics, and Entrepreneurship at Aquinas College. Hebert told the story of Frederick Tudor, a Boston entrepreneur who in the early 1800s set about finding a way to transport ice to Cuba, believing that given the opportunity, Cubans would pay handsomely for the resource. It wasn’t easy, but in the end he was right, and...
Samuel Gregg: Charles de Gaulle could have prevented the Brexit debate
The integration of Europe in the postwar era continues to roil politics continent-wide, most notably taking center stage in this week’s UK general election. Yet Acton Institute Director of Research Samuel Gregg writes that Charles de Gaulle could have spared Europe this future. Gregg traces the history of European supranationalism from Immanuel Kant to Jacques Maritain’s Christian Democratic ideas in a new essay posted today at Law & Liberty. De Gaulle, although far from an isolationist, understood the reality of...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved