The unemployment rate is at 6.6 percent, its lowest since the financial collapse of October 2008, according to Friday's report by the Bureau of Labor Statistics. Though the unemployment rate is the most often cited statistic related to job growth, it is deeply flawed. A better measure is the labor force participation rate.
The unemployment rate, reported as a percentage, is the number of those looking for work divided by the number of those who have work. It does not take into account those who are not looking for work.
The unemployment rate reached its Obama administration peak in October 2009, at 10 percent. Since then, it has fallen steadily, but unevenly, to its current low. The unemployment rate has fallen, though, partly because of people giving up looking for work. Those who are unemployed, but no longer looking for work, are not included in the unemployment rate. more >>
The provost of a Christian academic institution has written a book meant to help older college students get an introduction to the upper education experience.
Rick Ostrander, provost and chief academic officer at Cornerstone University in Grand Rapids, Mich., has recently published Reconsidering College: Christian Higher Education for Working Adults.
"More and more adults are seeking to develop themselves and improve their professional opportunities by completing a college degree. Whether business professionals, salespersons, nurses, parents, or persons engaged in any other profession, many working adults recognize the value of furthering their education," reads a press release in part. more >>
More than 10 million men, or one out of every six in the 25 to 54 age bracket, are unemployed in the United States, and only about one third of them say they are actively seeking jobs. Experts believe this dire condition could also be causing declining marriage rates.
"Some of them are looking for jobs. Two-thirds say they aren't. Some are supported by families or friends; men without jobs are far less likely to be married than men with jobs. About 2 million of these prime-age men are on Social Security Disability Insurance," said David Wessel, director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution in a report Thursday.
Noting the acute and chronic nature of the unemployment situation among men, Wessel said it was a result of the slow recovery of the U.S. economy from the Great Recession as well as a shift away from the types of work popular among men before the recession. Even as the economy improves, however, he pointed out that employment troubles among men is likely to persist. more >>
WASHINGTON – U.S. Senator Rand Paul (R-Ky.) argued for libertarianism, saying it is compatible with Christianity and will help Republicans win elections and attract minorities, at the gala for The American Principles Project, a socially conservative group founded by Robert P. George.
"There are some issues that can move the party forward, and some of those issues I would call libertarian issues," Paul declared. He admitted that "to some that's a bad word, but to others I think it's a word that may expand the party."
Paul argued that these issues do not have to come at the expense of social issues, such as life and marriage. "Libertarian and liberty doesn't mean libertine," he argued. The Senator referred to Don Devine's book America's Way Back, explaining that liberty and tradition go hand in hand. more >>
WASHINGTON – Hundreds of people from across the United States and an estimated 130 nations came to the Nation's Capital for a prayer service.
The 62nd annual National Prayer Breakfast, organized by members of Congress from different political backgrounds, was held Thursday morning at the Washington Hilton near Dupont Circle.
President Barack Obama, Vice President Joe Biden, and members of both the House and Senate were in attendance, along with leaders and public figures from abroad. more >>
There will be about two million fewer American workers by 2017 because of the Affordable Care Act, or "Obamacare," a Congressional Budget Office report released Tuesday finds.
Overall, employment is expected to increase, though not as much as it would if the ACA had never become law. The job losses will increase to 2.5 million by 2021.
The estimate is for full-time employment, the report notes. Some of the losses will lead to unemployment while some of the losses will translate to part-time employment. more >>