Home
/
RELIGION & LIBERTY ONLINE
/
Unemployment as Economic-Spiritual Indicator — March 2015 Report
Unemployment as Economic-Spiritual Indicator — March 2015 Report
May 25, 2025 8:44 PM

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): 5.5 percent.

Total number unemployed (NC): decrease to 8.6 million from 8.5 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): essentially unchanged at 2.6 million and accounted for 29.8 percent of the unemployed.

Civilian labor force participation rate (NC): 62.7 percent.

Persons employed part time for economic reasons (NC): 6.7 million.

Discouraged workers (-): increased from 732,000 to 738,000.

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
Redemption Camp: A Nigerian megachurch builds its own city
As urbanization accelerates around the world, local municipalities and city planners are struggling to keep up with the pace. Sometimes and in some areas, it’s easier to work outside the government altogether. Such is the case for the Redeemed Christian Church of God in Lagos Nigeria, which has slowly developed a city of sorts over the past 30 plete with an independent power plant and privately managed security, infrastructure, and sanitation. “In Nigeria, the line between church and city is...
Hurricanes and price gouging: More from Acton analysts
Following Hurricane Harvey and Hurricane Irma, price gouging has e a hot topic of conversation. The prices of water, gasoline and hotel reservations in places affected by the hurricanes have skyrocketed. Airlines are also facing criticism for their heightened prices, many people claiming that airlines are taking advantage of customers. In a new article published on News-Pressin Fort Myers, Florida, Victor Claar, associate professor of economics at Florida Gulf Coast University, suggests that rise of airline ticket prices may not...
Are charter schools better than public schools?
In 1991 Minnesota passed the first law establishing charter schools in the state. Since then, a majority of states have some kind of charter school system. But what exactly is a charter school? And are they better for students? ...
The human cost of the EU’s anti-GMO policy
Commentators have long said that banning genetically modified food (GMOs) harms human flourishing. Thanks to a new study, that harm can now be quantified. A study published in late July studies the impact of delaying the approval of GMOs in five nations: Benin, Kenya, Niger, Nigeria, and Uganda. The researchers – who hail from the Netherlands, Germany, South Africa, and the United States (surprisingly enough, from the University of California at Berkeley) – analyzed the effects of political decisions to...
‘Can people of faith hold public office?’: Transatlantic insights
Believing in a faith, to the point that it impacts one’s views in any way, is increasingly seen as a disqualification for public office. Two recent events raise the possibility that this unofficial employment test is part of a larger, civilizational shift taking place on both sides of the Atlantic. In the UK last week, a firestorm erupted when Conservative MP Jacob Rees-Mogg told Piers Morgan that he believes in the Roman Catholic Church’s teachings on marriage and abortion. (Tim...
The spiritual core of liberty
Last week FEE published an essay by economist Dierdre McCloskey titled “The Core of Liberty is Economic Liberty.” McCloskey writes, [E]conomic liberty is the liberty about which most ordinary people care. True, liberty of speech, the press, assembly, petitioning the government, and voting for a new government are in the long run essential protections for all liberty, including the economic right to buy and sell. But the lofty liberties are cherished mainly by an educated minority. Most people—in the long...
Development vs. thuggery: How foreign aid hinders local business
The foreign aid movement has largely failed the global poor, promoting top-down solutions at the expense of bottom-up enterprises and institutions, as Acton’s widely acclaimed documentary, Poverty, Inc., and PovertyCure film series detail at length. Whether due to basic errors in economic thinking or a more subtle, subconscious apathy toward local enterprise, such efforts routinely lead to more disruption than development, hindering the very countries they hope to assist. It’s an ignorance and oversight that has painful implications for many...
StarCraft as soulcraft: Lessons from a classic computer game
The video game developer Blizzard Entertainment, best-known today for its massively popular World of Warcraft (2004), first released a lesser-known classic in 1998: StarCraft. The science fiction warfare and strategy game was the best-selling PC game of the year, and it sold nearly 10 million copies over the next decade. petitions drew crowds of over 100,000 people in South Korea, where the game was so popular that three separate television stations regularly broadcasted matches. Blizzard released a sequel, StarCraft 2:...
Radio Free Acton: Joe Carter on Antifa and the Alt Right; Upstream on artist Renée Radell
In this new episode of Radio Free Acton, producer Caroline Roberts talks with Joe Carter, senior editor for Acton and Adjunct Professor of Journalism at Patrick Henry College, about Antifa, the Alt Right, and how Christians should respond to the messages of both groups. Following that, Bruce Edward Walker speaks with Gregory Wolfe about the art of Renee Radell. The artist’s work is the subject ofRenéeRadell: Web of Circumstance(Predmore Press, 2016, 220 pages, $80), a book presenting a career overview...
Business as a calling
Do you live vocationally in your day job, even if you aren’t making a career of it? God’s calling on your life is not a maintenance request, the task is not finite, nor is it particular. Answer God’s call will transform your entire life—starting now, right where you are. ...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved