Home
/
RELIGION & LIBERTY ONLINE
/
Unemployment as economic-spiritual indicator — March 2017 report
Unemployment as economic-spiritual indicator — March 2017 report
Nov 15, 2026 4:49 AM

Embed from Getty Images

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 (+): 98,000

Unemployment rate (+):4.5 percent

Total number unemployed (+): 7.2 million.

Employment-population ratio (NC): 60.1 percent.

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

Long-term unemployed (NC): 1.7 million and accounted for 23.3 percent of the unemployed.

Civilian labor force participation rate (NC): 63 percent.

Persons employed part time for economic reasons (NC): 5.6 million.

Discouraged workers (+): 460,000.

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
Five ways the West gets African development all wrong: Ibrahim Anoba
World leaders have converged on Africa in recent days, but their development plans may do more harm than good. And increasing foreign aid may be their worst proposal yet, writes Ibrahim B. Anoba in a new essay for Acton’s Religion & Liberty Transatlantic website. “Limiting the power of the government and its cronies, and tempering bureaucratic overreach with a firm respect for individual rights, are prerequisites for economic progress,” writes Anoba, acting executive director of theAfrican Liberty Organization for Development....
The failure of ‘Homo Economist’
When Pope Francis denounced “libertarian individualism” last year, few people could find a flesh-and-blood example of the philosophy as articulated by the pontiff. However, the gimlet eye of Stream editor John Zmirak may have found a related species in a creature he identifies as Homo Economist – a theoretical person who contrasts pletely with the human person as viewed by advocates of constitutional government, ordered liberty, faith, and adherence to the precepts of natural law. In the pope’s accounting, libertarianism...
Why we must protect the religious liberty of social institutions
Note:This article is part of the ‘Principles Project,’ a list of principles, axioms, and beliefs that undergirda Christian view of economics, liberty, and virtue. Clickhereto read the introduction and other posts in this series. The Principle: #4F — Social institutions have religious liberty that must be protected. The Definitions: Religious liberty — The freedom to believe and exercise or act upon religious conscience without unnecessary interference by the government. (Source) Social institutions —Groups of persons banded together mon purposes having...
The U.S. surges in economic freedom: Global report
The Fraser Institute brought good news as it released its annual “Economic Freedom of the World” report this morning.The United States has surged in the pared to two years ago. “Canada has gone from being a top five country two years ago, to barely hanging in the top 10 on this year’s index,” said Fred McMahon of the Fraser Institute. “On the other hand, the United States has improved from 13th to sixth.” The institute defines economic freedom as how...
The Catholic Church vs. China’s Communist Regime: A Struggle for Religious Liberty
Finding the balance between religious liberty and state authority is an age-old concept, but politicians and religious leaders today are ever wrestling with it.This is especially true for the current presence of the Catholic Church in the People’s Republic of China. In an article for the Catholic World Report, Acton’s Director of Research, Samuel Gregg, relates the present tension between the Communist regime in China and the Holy See in Rome. This tension is largely due to China’s new “Regulations...
C.S. Lewis on ethics and conscience
The lighthouse of Christianity shines because it is based on the reality of an objective and universal Moral Code that we mysteriously know and have broken, said C.S. Lewis. It is this truth which makes Christianity’s offer of forgiveness, and its gift of supernatural help towards keeping that Moral Code, so incredible. In this video, Lewis shows that conscience is not an invention of civilization or of great human teachers but is as old as Adam and Eve, and has...
Radio Free Acton: The connection of faith and work; the legacy of Walker Percy
On this episode of Radio Free Acton, Associate Director of Program Outreach at Acton, Dan Churchwell, and Missy Wallace, executive director of the Nashville Institute for Faith and Work, discuss how Missy became interested in the connection between faith and work, and why it is an important topic in business. Then, Caroline Roberts speaks with Brian A. Smith, managing editor of Liberty Fund’sLaw and Libertypublication, on Walker Percy’s life and works, as well as his relevance today. Check out these...
Can you (or anyone) beat the stock market?
Note: This is post #94 in a weekly video series on basic economics. When even professional stock pickers are not able to consistently beat the market, you probably shouldn’t invest your life savings on the the hot stock tip from your brother-in-law. Why is it, though, that no one seems to be able to outperform the crowd? The reason, as economist Tyler Cowen explains, is information. In this video by Marginal Revolution University, Cowen explains the efficient market hypothesis, the...
Philadelphia ends ‘policing for profit’ program
The News: The city of Philadelphia ended a four-year lawsuit involving what critics said was “policing for profit.” According to the Philadelphia Inquirer, “Philadelphia officials on Tuesday pledged to reform the city’s civil forfeiture program, which had been used to seize thousands of homes and vehicles and millions of dollars in cash from criminal suspects — and in some cases from people never charged with a crime.” The Background:Civil asset forfeiture is a controversial legal tool that allows law enforcement...
7 Figures: Income and poverty in the U.S. (2017)
The U.S. Census Bureau released its latest report on e and poverty in the United States today. Here are seven figures from the report you should know: 1. Real median household e of all male workers increased 3.0 percent from 2016, while real median earnings for their female counterparts saw no statistically significant change between 2016 and 2017. 2. Median household e was $61,372 in 2017, an increase in real terms of 1.8 percent from the 2016 median of $60,309....
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved