Home
/
RELIGION & LIBERTY ONLINE
/
Unemployment as economic-spiritual indicator — August 2017 report
Unemployment as economic-spiritual indicator — August 2017 report
Apr 29, 2026 1:52 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).

Overview:While most of the metrics were positive, few jobs were added and a large number of Americans dropped out of the labor for, making this one ofthe worst jobs report in years.

Number of new jobs added (+): 209,000

Unemployment rate (NC):4.4 percent

Total number unemployed (NC): 7.1 million.

Employment-population ratio (NC): 60.1 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): 1.7 million and accounted for 24.7 percent of the unemployed.

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

Persons employed part time for economic reasons (NC): 5.3 million.

Discouraged workers (+): 448,000.

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
The gospel as pearl and leaven
In its 2,000-year history, the church has actively integrated evangelism and social action in powerful and transformative ways. Yet for many of today’s Christians, we feel as though we must choose between a life of ministry and cultural engagement, that our vocational paths areinevitably torn between “saving souls” and “serving justice.” In the Bible, however, we seeboth calls woven together — “fill the earth and subdue it” (Gen. 1:28) and “go and make disciples of all nations” (Matt. 28:19). Theywere...
How to understand the demand curve
Note: This is the secondpost in a weekly video series on basic microeconomics. To demonstrate how much of a good or service people are willing to buy at different prices, economists often use a graph called the demand curve. In this video, Marginal Revolution University revealswhat a demand curve is, explains “why people go crazy on Black Friday,” and shows how people respond to changes in the price of oil. (If you find the pace of the videos too slow,...
Why being able to trust strangers leads to prosperity
My mother would be mortified by my behavior. Since before I could walk she warned me about “stranger danger”: Don’t get into a car with strangers; don’t accept candy from strangers; don’t’ go into a strangers house, etc. What would she think if she knew I had taken an Uber to an Airbnb? Growing up in the 1970s parents and teachers drilled into my young brain the idea that the most dangerous people in the world (aside from Commies) were...
Angus Deaton schools Italians on economics
But was anyone listening? That’s my question after attending the 2015 Nobel-prize-winning economist‘s talk last night in Rome at the Vatican-sponsored Cortile dei gentili(Court of Gentiles). Like the other speakers, Deaton voiced his concerns about e inequality. Unlike the others, however, he said much of it is caused by crony capitalism, a term whose meaning seems to have been lost on the Italian interpreter and hence the audience. She described it as “a type of capitalism” and “negative capitalism” but...
Radio Free Acton: Karl Zinsmeister on Philanthropy and Education Reform
On this edition of Radio Free Acton, we speak with Karl Zinsmeister, Vice President at Philanthropy Roundtableand former chief domestic policy advisor to President George W. Bush, about efforts to improve public education es over the years, why charter schools are succeeding where past reform efforts have failed, and the role of private philanthropy in fostering that success. Karl will be kicking off our Evenings at Acton seriesthis fall on Monday, October 3rd with a lecture entitled Indispensable: How Philanthropy...
We hate politics and the media because they lower our status
“I have a simple hypothesis,” writes economist Tyler Cowen. “No matter what the media tells you their job is, the feature of media that actually draws viewer interest is how media stories either raise or lower particular individuals in status.” Cowen believes this explains why people “get so teed off” at the media: The status ranking of individuals implied by a particular media source is never the same as yours, and often not even close. You hold more of a...
Rhode Island makes it difficult to suspend students
The current problems with the school-to-prison pipeline often start with poor school discipline policies. Various school discipline policies and tactics have e under criticism for being overly harsh—often causing students to drop out of school. The frequent use of suspension and expulsion for minor offenses has monplace in many schools across the country. Over the summer Gina Raimondo, the Democratic governor of Rhode Island, signed a bill into law making it harder for schools to suspend students for minor infractions....
Review: Samuel Gregg’s latest ‘should be on every Christian’s reading list’
The US Review of Books recently analyzed Samuel Gregg’s latest book, For God and Profit. John E. Roper, the journalist who wrote the review, gave For God and Profit a “RECOMMENDED” rating. Beyond the rating, Roper, had some very positive remarks about Gregg’s book. He said this: The author knows he has his work cut out for him. Many Christians have been indoctrinated with a general distrust of both money and its effects on society. This often translates into the...
Finance, Faith, and Human Flourishing
Samuel Gregg lecturing at Acton University. Samuel Gregg’s most recent book For God and Profit continues to receive great reviews. The most es from author and speaker John Horvat, II at The Stream. Horvat begins his review by highlighting the way Gregg reconciles the pursuit of profits with Christianity. He says this: Early in the book, Gregg establishes that profit through finance can be realized “provided that es first and that the profit is (1) understood as a means to...
Will free exercise of religion survive as a legal concept?
Is the ultimate repository of authority and control human or divine? While that is a religious question, how we answer has profound ramifications on policy and law. In fact, as Marc Degirolami notes, the answer may determine whether free exercise of religion can survive as a legal concept: One of the ways that modernity has answered this challenge is by appropriating “religion” and transforming it from a duty that one owes a creator to a duty that one owes to...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved