Despite some job gains, the statement noted that the unemployment rate in July, at 5.4%, was higher than the 3.5% unemployment rate in February 2020.
economics
Pope to Study Economy Before Coming to US
Before arriving in the U.S. in September, Pope Francis said, he will study American criticisms of his critiques of the global economy and finance.
Trust Underlies World Economy, says Jesuit Priest
VILLANOVA, Pa. (CNS) — Economic activity depends on a foundation of trust that can’t be compromised without creating harmful consequences for all parties, said Jesuit Father Drew Christiansen, distinguished professor of ethics and global development at Georgetown University. Reflecting on the global financial crisis of 2006-2010 and the Church’s efforts to “promote the common good […]