Home
/
RELIGION & LIBERTY ONLINE
/
Unemployment as economic-spiritual indicator — August 2017 report
Unemployment as economic-spiritual indicator — August 2017 report
Jul 9, 2025 6:01 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
Beto O’Rourke’s markets and morality mismatch
Former Texas congressman Beto O’Rourke, who famously lost a senate bid against Ted Cruz (R-TX) in the 2018 election, is currently one of the front-runners in the Democratic presidential primary race. He has polled as high as 12% and as low as 5% in recent polls. He raised $6.1 million in his first 24 hours after announcing his candidacy, and a total of $9.4 million in the first 18 days. I have to admit, I don’t get O’Rourke’s appeal. South...
A Spaniard defends Conservative Liberalism
“Conservative liberalism” isn’t a monly used in the United States. Indeed, to American ears, it seems positively oxymoronic. In Europe, however, it constitutes a venerable tradition of political thought and embraces figures ranging from the French thinkers Alexis de Tocqueville and Raymond Aron to economists such as the primary intellectual architect of the German economic miracle, Wilhelm Röpke, and the French monetary theorist Jacques Rueff. As a political tradition, the “liberal” part of conservative liberalism concerns mitment to freedom. The...
The reason women don’t enter STEM professions revealed
Conventional wisdom believes three things: Women areunderrepresentedin science, technology, engineering, and mathematics (STEM); this is largely due to sexual discrimination; and the government must redress this imbalance. But multiple studies have discovered a much different reason behind the STEM gender gap. Most media and mentary accepts the theory of “disparate impact”: Any statistical inequality isipso facto“proof” of discrimination. When activistscallthis “one of the most important issues of our time,” opinion-makers nod in agreement. The United Nations General Assembly has passed...
Ocasio-Cortez’s croissant and the value of labor
I recently participated in a student seminar at a large state university. We were discussing readings by Adam Smith, John Locke, Jean-Jacques Rousseau, and others. One student appeared to have a fairly strong attachment to Marxist and socialist ideas. I found myself grateful to him because his participation vastly improved the conversation. At one point, he ventured a critique about the different amounts of money people receive as pay for their work. “What one human being can do is not...
Review: Light-Horse Harry Lee, the Revolutionary hero and his reckless downfall
Henry Lee III, besides being the father of Confederate General Robert E. Lee, may be best known for his masterful eulogy of George Washington. “To the memory of the Man, first in war, first in peace, and first in the hearts of his countrymen,” was Lee’s most memorable line about the first American president. In “Light-Horse Harry Lee,”(Regnery History, 434 pages, $29.99), historian Ryan Cole offers up prehensive portrait of the oft-forgotten Lee whose rapid rise as a brilliant military...
Acton Line podcast: A trial for religious liberty; defining honorable business
On this episode of Acton Line, Trey Dimsdale, director of program outreach at Acton Institute, sits down with Andrew Graham, attorney at First Liberty Institute, a public interest law firm. Trey and Andrew talk about a current case threatening Bladensburg World War I Memorial in Maryland, known as the Peace Cross. The land on which the cross stands was first privately owned by American Legion and the memorial was erected with privately raised funds. Now the land belongs to the...
Unemployment as economic-spiritual indicator — March 2019 report
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 thelatest numberswe need to know...
The downside of paid family leave: Denmark
As Republicans unveil plans pulsory paid family leave, they would be well instructed to see how such policies have hurt women’s employment prospects. In Europe, where paid leave is pulsory, women face fewer prospects for advancement than in the United States. Veronique de Rugy, a senior fellow at the Mercatus Center at George Mason University, writes about the example of Denmark in The American Spectator. De Rugy, who took part in the first transatlantic “Reclaiming the West” conference in London...
Alejandro Chafuen in Forbes: Aquinas and Bitcoin
Yesterday in Forbes, Alejandro Chafuen, Acton’s Managing Director, International, analyzed moral questions of cryptocurrency in light of St. Thomas Aquinas’s Summa theologiae. It is an application of centuries-old thought to a very recent phenomenon—but of course, as the article seeks to show, moral considerations are perennial even as their particular objects change. What would Thomas Aquinas have thought of cryptocurrency? Our answer may be a conjecture, but if we look at Aquinas’s body of work our conjecture can be well-informed....
Christians shouldn’t be surprised to find capitalism infected by cronyism
When anyone criticizes socialism by pointing out the failures of socialist countries like Cuba or Venezuela, its defenders claim, “That’s authoritarian socialism, that’s not the type of socialism we support.” We defenders of free enterprise mock this shift, but don’t we do something similar? When anyone criticizes capitalism, don’t we say, “That’s crony capitalism, that’s not the type of capitalism we support”? Can the two really be separated? As political scientists Michael C. Munger and Mario Villarreal-Diaz write in their...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved