Home
/
RELIGION & LIBERTY ONLINE
/
Unemployment as Economic-Spiritual Indicator — August 2015 Report
Unemployment as Economic-Spiritual Indicator — August 2015 Report
Sep 10, 2025 3:44 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).

Unemployment rate (+): 5.1 percent.

Total number unemployed (+): 8 million.

Employment-population ratio (NC): 59.4 percent.

Change by worker groups: adult men (NC), adult women (NC), teenagers (+), blacks (NC), whites (+), Asians (NC), and Hispanics (NC).

Long-term unemployed (NC): 2.2 million and accounted for 27.2 percent of the unemployed.

Civilian labor force participation rate (NC): 62.6 percent.

Persons employed part time for economic reasons (NC): 6.5 million.

Discouraged workers (+): 624,000.

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
Should religious exemptions be given even if they harm third parties?
“Religious liberty exemptions should be given as long as _____________.” How would you fill in the rest of that sentence? Most Americans (who are somewhat sympathetic to religious freedom) would say as long as “they don’t harm third-parties.” But is that the right standard? Thomas C. Berg has an analysis of the question in the Federalist Society Reviewin which he argues that harmful effects should not automatically be a reason to deny exemptions: The chief assertion of this article is...
How to understand the supply curve
Note: This is the thirdpost in a weekly video series on basic microeconomics. The supply curve seems like an easy enough concept to understand: it’s a graphic representation of the relationship between the quantity of product that a seller is willing and able to supply at a particular price. The implications for how this affects the supply of goods and services, though, is more profound than we often realize. For example, as this video from Marginal Revolution University shows, the...
Is there something inherently evil about Capitalism?
What is the role that Christians play in business and the marketplace? A recent episode of Equipped with Chris Brooks, titled “Is Capitalism bad business?” wrestles with that question and more. During his introduction, Brooks explains why he was pondering the question and there are a couple of reasons. The majority of “Equipped” listeners are not clergy, but men and women who work in the marketplace. Because of that, Brooks wants to talk about the “good that business does” and...
How Texas churches are fighting predatory lending on behalf of the poor
How should Christians address predatory lending that takes advantage of the poor when they are in dire straits? As I’ve argued before, I believe a helpful first step is to get churches and other faith-based organizations involved in providing short-term loans and financial counseling. But sometimes education and sacrificial generosity is not enough to solve the problem, munities have to pursue other measures. A prime example is found in Texas where several groups—including an alliance of Baptists and Catholics—worked to...
What WALL-E and Wilhelm Röpke teach us about work and economics
Humans have a tendency to daydream about a day or a place where work is no more, whether it be a retirement home on a golf course or a utopian society filled with leisure and merriment. But is a world without work all that desirable? In a recent lecture at Southeastern Baptist Theological Seminary, the question is explored by Dr. Hunter Baker, winner of the Acton Institute’s 2011 Novak Award and author, most recently, of The System Has a Soul:...
Sarah Stanley: Profile of North Korean artist Sun Mu
Today at The Federalist, Acton associate editor Sarah Stanley penned an article profiling an artist from North Korea who goes by the name of Sun Mu.This profile is inspired by a recent documentary that highlights the lifeof the artist. Sun Mu defected from the oppressive state in the late 1990s and since then has been creating art that depicts the story of his life in North Korea. In order to protect his family, Sun Mu can’t use his real name....
A husband’s unemployment increases the risk of divorce
As I note every month when reporting on the latest unemployment data, 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. In fact, a new study finds that for marriages formed after 1975, a husbands’ lack of full-time employment is...
Acton Institute’s Assisi conference explores roots of poverty, engines of wealth
On September 12-14 the Acton Institute’s Rome office hosted its third annual “Economics, Development and Human Flourishing” conference in Assisi for seminarians and formation staff of the Vatican’s Pontifical Urban College. Intense discussion and open debate was stimulated by challenging lectures on economics, political philosophy, anthropology, and Catholic social doctrine. The lectures were reinforced by showings of the Institute’s video curriculum “PovertyCure”, a six-episode DVD rich in graphic content, intellectual analysis and dramatic stories about poverty in Africa, Asia and...
What Christians should know about fractional reserve banking
Note: This is the latest entry in the Acton blog series, “What Christians Should Know About Economics.” For other entries inthe series seethis post. The Term:Fractional Reserve Banking What it Means:Understanding fractional reserve banking is easier if we separate what it is (which is rather simple to explain) and the effects the system produces(which is slightly plicated). Let’s start by taking the term fractional reserve banking and working backwards. First, there is the banking part. For our purposes we mainly...
Catholicism in a world of secular moralism
Acton Institute Director of Research, Samuel Gregg, wrote a piece for The Catholic World Report yesterday talking about Catholics in an age of secular moralism. Often times, Catholics fall into a trap of reducing their faith to various political, economic, and social agendas, losing sight of what is at the core of true Catholicism. This is what Gregg calls secular moralism. Gregg explains this “new morality:” Moralism, however, isn’t limited to the Christian realm. It has many secular counterparts. Prominent...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved