this post was submitted on 08 Jun 2025
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United States | News & Politics

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Nearly 25% of Americans are now ‘functionally unemployed’ — here’s what that ‘harsh reality’ really means (www.yahoo.com)
submitted 2 days ago by cm0002@lemmy.world to c/usa@midwest.social
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A low unemployment rate typically signals that an economy is generally healthy. The unemployment rate in the U.S. remained near a 50-year-low in April 2025 at 4.2% — plus, American employers added 177,000 jobs in April despite the uncertainty of Trump’s tariffs and trade wars.

This all sounds good, right? Not so fast.

The “true” rate of unemployment in April, according to the Ludwig Institute for Shared Economic Prosperity (LISEP), was 24.3%, up 0.03% from the previous month. LISEP’s True Rate of Unemployment (TRU) includes the unemployed, as well as workers who are employed but still struggling.

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[–] some_guy 12 points 2 days ago (1 children)

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[–] MegaUltraChicken@lemmy.world 11 points 2 days ago (1 children)

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[–] some_guy 5 points 1 day ago (2 children)

Thanks! Since first reading this, I've sucked off four guys.

[–] mrslt@lemmy.world 3 points 1 day ago

Another Lemmy success story!