Home
/
RELIGION & LIBERTY ONLINE
/
Unemployment as economic-spiritual indicator — August 2017 report
Unemployment as economic-spiritual indicator — August 2017 report
Apr 6, 2026 11:23 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).

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 Economics Of ‘Dallas Buyer’s Club’
Comedian Andrew Heaton uses the move “Dallas Buyer’s Club” to explain economic issues, brought to life on the silver screen. Enjoy! ...
Letter from London: The Protestant Work Ethic and Anglosphere Catholicism
I spent last week in London attending a couple of stimulating conferences at theInstitute for Economic Affairs (IEA) and the Transformational Business Network (TBN), and catching up with some friends and acquaintances. All of the discussions were either officially off-the-record or of a personal nature, so I can’t be too specific about who said what but my general impression, obvious to anyone who’s visited, is that London remains an extremely vibrant, forward-looking, prosperous global capital in stark contrast to much...
HHS Mandate: Does This Sound Like Freedom?
The Green family, owners of Hobby Lobby, continue to express their views as to why the HHS mandate violates their faith. This short video highlights Green family members discussing their faith and how it informs all their decisions. ...
When Being Pro-Market Requires Being Anti-Business
Who is the biggest enemy of the free market system? The late Milton Friedman, one of the 20th century’s most prominent free market champions, had a surprising answer: the munity. Economist Arnold Kling explains whysupport for markets and business are not the same thing: Consider the following matrix: Pro-Business Anti-Business Pro-Market Anti-Market The point is that there really are four separate categories, not just the two pro’s and the two anti’s. On health care reform and bank regulation, I would...
Faith On The Line: Catholic Businessman Battles HHS Mandate
In today’s National Catholic Register, reporter Joan Frawley Desmond talks to John Kennedy, a Grand Rapids-based business owner of Autocam, pany that makes both precision auto parts and medical supplies. Kennedy (who is a board member of the Acton Institute) speaks candidly about his faith, pany’s future and the HHS mandate battle. The Obama administration has sought to dismiss the merits of HHS lawsuits filed by business owners like Kennedy, arguing that free exercise and statutory religious-freedom protections only apply...
Mother Superiors of the Boardroom Jump the Gun
As noted previously this week, U.S. District Judge Lewis Kaplan shot down a $9.5 billion (reported in some news accounts as $6 billion) judgment against Chevron for allegedly bespoiling Ecuadorian wilderness in cahoots with PetroEcuador. Judge Kaplan exonerated Chevron, and had some particularly nasty things to say about Steven Donziger, the attorney who sued the pany for $113 billion. I pointed out that Donziger’s since-discredited claims were taken up quickly by religious shareholder activists, many who submitted resolutions requesting that...
Talented but Unemployed? God May Be Calling You to Grubby, Unglamorous Work
“When People Give Up Looking for Work, What Do They Do?” A Wall Street Journal story looks at the “millions of working-age men” sidelined by the economic slump, and warns that “the longer they’re out of work, the more their skills deteriorate and the harder it is to land the next job.” “Those who can’t find work often turn to safety net programs, such as food stamps, unemployment benefits and disability — programs that have ballooned since the recession began,”the...
Welcome To Paradise: Taking A Look At Legalized Prostitution
It’s the oldest profession, right? It’s worldwide, and attempts to criminalize it don’t seem to work. Does legalizing prostitution solve any problems? That’s the question Nisha Lilia Diu of The Telegraph set out to answer. In a lengthy piece that focuses on Germany, Diu visited brothels, talked to their owners, visited with prostitutes – all in order to see if the legalization of prostitution “works.” Germany legalized prostitution in 2002. The law was meant to to do a number of...
The Bible in American Life
Surveys have found thatnearly eight in ten Americans regard the Bible as either the literal word of God or as inspired by God. At thesame time, other surveys have revealed—and recent books have analyzed—surprising gaps inAmericans’ biblical literacy. These discrepancies reveal American plexrelationship to their scripture, a subject that is widely acknowledged but rarely investigated.To understand that paradox, theCenter for the Study of Religion and American Culture conducted thefirst large-scale investigation of the Bible in American life. “The Bible in...
Explainer: What is President Obama’s Budget?
What is the President’s budget? Technically, it’s only a budgetrequest—a proposal telling Congress how much money the President believes should be spent on the various Cabinet-level federal functions, like agriculture, defense, education, etc. Why does the President submit a budget to Congress? The Congressional Budget Act of 1974 requires that the President of the United States submit to Congress, on or before the first Monday in February of each year, a detailed budget request for ing federal fiscal year, which...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved