Home
/
RELIGION & LIBERTY ONLINE
/
Unemployment as economic-spiritual indicator — October 2018 report
Unemployment as economic-spiritual indicator — October 2018 report
Jul 1, 2025 8:30 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).

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
Kishore Jayabalan: Vatican Radio interview on French election
On May 15, Socialist Francois Hollande will be sworn in as France’s new President following elections this past weekend. According to Vatican Radio, Hollande is vowing to overturn many of current President’s Sarkozy’s economic reforms, in an attempt to relieve France’s current debt crisis. One of Hollande’s goals is to increase taxation on millionaires to 75 percent. With more than a quarter of a million French citizens already working in London, this type of heavy taxation may cause an exodus...
A Field Guide to the Baseless Claims and Outrageous Canards of the Liberal-Progressive
Review of The Tyranny of Cliches: How Liberals Cheat in the War of Ideas, by Jonah Goldberg, (New York, NY: Sentinel, 2012) With proper training, and maybe a bit of experience on the debate team, it’s easy to recognize logical fallacies in an opponent’s argument. When es to popular give and take, the sort of thing we have so much of now on opinion websites and news channels, there hasn’t been decent preparation for arguments outside the columns and blog...
You Can Keep Preaching About Tax Fairness, Mr. King, But Cut a Check First
Novelist Stephen King recently added his voice to the chorus of superrich clamoring to be taxed more. He knows his critics will call for him to “Cut a check and shut up,” but King says he’s not going to be keep quiet. He believes he and other uberwealthy citizens have a moral imperative to pay more. Clive Cook has a solution that should satisfy both sides of the issue. As Cook says, “it’s childishly simple once you recognize that two...
Legatus: Celebrating 25 Years of Supporting Catholic Business Professionals
Legatus, an international organization of Catholic business professionals, is celebrating its 25th year of existence. The mission of Legatus is to help its members and spouses live out their Catholic faith and to spread that faith “through good works, good ideas, and high ethical standards.” The current issue of Legatus magazine features an article by the Acton Institute’s Michael Matheson Miller, research fellow and director of Acton media. Entitled ‘Poverty, social justice, and the role of business’, Miller points out...
Why the Federalist Papers Still Matter
Even at America’s top schools, says Peter Berkowitz, graduates leave without reading our most basic writings on the purpose of constitutional self-government: It would be difficult to overstate the significance of The Federalist for understanding the principles of American government and the challenges that liberal democracies confront early in the second decade of the 21st century. Yet despite the lip service they pay to liberal education, our leading universities can’t be bothered to require students to study The Federalist—or, worse,...
Acton on Tap: Calvin Coolidge and the Spirit of Federalism
When es to the presidency, there are times when historians find the need to reevaluate a president. Often it is because of a crisis, war, or other current events. I can think of no other president that needs to be reassessed more than Calvin Coolidge. Thankfully, Amity Shlaes has written a new biography of Coolidge that will be available next month. Coolidge preceded a progressive era and fought not just to shrink government, which he did successfully, but harnessed the...
Teachers are Blessing this World Today
“The two most powerful forces in your life are your thoughts and your words.” — Thomas McDaniels When I ponder this quote, I can’t help but think back to the teachers in my life. After all, they were the ones who taught me to read, write, think, and present ideas clearly. They equipped me to harness these “powerful forces” as I now go into the world to bless others. During Teacher Appreciation Week, it is appropriate to think about the...
Samuel Gregg: Europe’s Right in Disarray
France elected a new president yesterday, the socialist Francois Hollande who has vowed to rein in “Anglo-Saxon” capitalism and dramatically raise taxes on the “rich.” Voters turned out Nicholas Sarkozy, the flamboyant conservative whose five-year term was undermined by Europe’s economic crisis, his paparazzi-worthy lifestyle and bative personality. But Sarkozy’s defeat exposes “a crisis of identity and purpose that presently afflicts much of Europe’s center-right,” according to Acton Research Director Samuel Gregg in a new analysis on The American Spectator....
Natural Law and Winter’s Bone
I was privileged to participate this week in a conference at the Katholieke Universiteit Leuven, hosted by the Division for Roman Law and Legal History, “Law and Religion: The Legal Teachings of the Protestant and Catholic Reformations.” My paper today was titled, “Natural Law and Subsidiarity in Early Modern Reformed Perspective.” In this paper I explore some of the theological context in the sixteenth century among Reformed theologians like Wolfgang Musculus, Peter Martyr Vermigli, Jerome Zanchi, and Franciscus Junius that...
Victor Claar on Trade
Is ‘fair’ trade really more fair or more just than free trade? Does fair trade create an unfair advantage that hurts the poor more than it helps? There are two different opportunities over the next few days where you can have the chance to explore this topic further. Acton will be hosting Professor Claar for an online discussion tomorrow, May 9, at 6:00pm ET. In the AU Online session of his popular lecture Fair Trade vs. Free Trade, he will...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved