Home
/
RELIGION & LIBERTY ONLINE
/
Unemployment as economic-spiritual indicator — December 2017 report
Unemployment as economic-spiritual indicator — December 2017 report
Jul 2, 2025 10:47 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).

Number of new jobs added (-): 148,000.

Unemployment rate (NC):4.1 percent

Total number unemployed (NC): 6.6 million.

Employment-population ratio (NC): 60.1 percent.

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

Long-term unemployed (NC): 1.5 million and accounted for 22.9 percent of the unemployed.

Civilian labor force participation rate (NC): 62.7 percent.

Persons employed part time for economic reasons (NC): 4.9 million.

Discouraged workers (NC): 474,000.

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
6 facts about the brewing U.S.-EU trade war
Late last week, President Donald Trump announced he would impose steel and aluminum tariffs against U.S. allies across the transatlantic sphere. Here are the facts you need to know: President Trump applied a 25 percent tariff on steel and a 10 percent tariff on aluminum against the European Union, as well as NAFTA trade partners Canada and Mexico. The tariffs, originally targeting China in March on the grounds of national security, contained an exemption for U.S. allies. Last Thursday, Trump...
Physical capital and diminishing returns
Note: This is post #81 in a weekly video series on basic economics. How did Germany and Japan achieve record economic growth following World War II? A primary reason is physical capital. In this video by Marginal Revolution University, Alex Tabarrok explains two specific concepts that deal with physical capital and the success of Germany and Japan. The first is the iron logic of diminishing returns which states that, for each new input of capital, there is less and less...
How eschatology transforms our economic action
As the church continues to navigate the challenges of the modern economy, we’ve seen a renewed recognition of the “earthiness” of our God-given callings—embracing the mundane and material aspects of our daily work and rejecting the “sacred-secular divide.” Yet in our earnest efforts to e more “earthly minded” for heavenly good, we face new temptations toward a different sort of lopsidedness. In an article for FULLER Studio, Vincent Bacote reminds us of this risk, recognizing the need for balance and...
Radio Free Acton redux: John Stonestreet doesn’t want to talk about sex
On this remastered episode of Radio Free Acton, we revisit an interview we had with John Stonestreet, President of the Colson Center for Christian Worldview. We examine the major contributions of Christianity to western culture, try to figure out if there’s a reasonable system of thought that could replace it in our society, and explore a bit of what the secular left has replaced Christianity with. Spoiler alert: it’s sex. Check out these additional resources on this week’s podcast topics:...
6 Quotes: Free Expression, Religious Freedom, and the Masterpiece Cakeshop Ruling
Earlier today the Supreme Court handed down a ruling in Masterpiece Cakeshop v. Colorado Civil Rights Commission, the most important religious freedom case of the year. Despite being a win for the bakery and its owner, Jack Phillips, the future implications of this case for religious liberty are rather narrow in scope. “In this case the adjudication concerned a context that may well be different going forward in the respects noted above,” said the Court. “However later cases raising these...
Explainer: What you should know about the Right to Try Act
Last week, Congress passed and the president signed into law the “Right to Try Act,” legislation President Trump had touted in his previous State of the Union address. Here is what you should know about the new law. What is “Right to Try”? Right To Try is the concept that terminally ill Americans should be able to try medicines that have passed Phase 1 of the FDA approval process and remain in clinical trials but are not yet on pharmacy...
Are Orthodox Christians naturally statists?
A recent study concluded that members of the Eastern Orthodox Church, the second-largest church in Christendom, are likely to support left-wing economic policies. But that does not mean, says Krassen Stanchev in this week’s Acton Commentary, that Orthodox Christians are naturally statists: It is probably true that historically Orthodox countries (the study lumps in believers and non-believers alike) would fall into the group of those supporting greater government intervention in the economy. This has been the case in the last...
Bad economic news hits people harder than good news
From the perspective of well-being, is it better to win $100 or to not lose $100? If you assume that winning is obviously better, you’ve probably never been in a casino. Almost anyone who has gained and lost similar sums of money gambling knows that losing hurts more. Humans seem to be hard-wired for what is called loss aversion. Loss aversion, a concept in cognitive psychology first identified by Amos Tversky and Daniel Kahneman, can be summed up as “losses...
Spain’s unelected socialist government has plans for the Church
“Someone who has never won an election is now prime minister of the government,” said outgoing prime minister Mariano Rajoy, as he turned over his office to the head of the nation’s Socialist Party, Pedro Sánchez. After Rajoy’s center-Right party, the People’s Party, had been caught benefiting from kickbacks, Sánchez called a no-confidence vote. Under Spanish parliamentary laws, instead of calling a new election, the party introducing the no-confidence vote names the prime minister’s successor within the motion. Pedro Sánchez...
Winners of 2018 Mini-Grants on Free Market Economics
The Acton Institute Mini-Grants on Free Market Economics program accepts proposals from faculty members at colleges, seminaries, and universities in the United States and Canada in order to promote the scholarship and teaching of market economics. This program allows for collaboration between faculty from different universities, as well as help future leaders to emerge, strengthen, and expand the existing network of scholars within economics. Entrants may submit proposals in two broad categories: course development and faculty scholarship. Here is plete...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved