US EditionOne In Four Americans Are 'Functionally Jobless' — The 'True' Unemployment Metric That's Peaked In Recent Months
- A recent analysis from a prominent economic research organization revealed that about 24.4% of American adults are effectively unable to secure stable, full-time employment, indicating a much higher level of joblessness than official unemployment figures suggest.
- LISEP developed this metric to address flaws in official unemployment data, which excludes part-time workers trapped in poverty wages and discouraged job seekers.
- Functional unemployment is highest among Black workers , Hispanic workers , and women , even as the official unemployment figure stays low at 4.2%, reflecting levels not seen in decades.
- LISEP chair Gene Ludwig cautioned that relying on the official 4.2% unemployment figure, which may please politicians due to its low level, can lead to misguided policies and overlooks the persistent economic struggles faced by many.
- This disparity suggests a growing economic divide where millions struggle with low wages, high living costs, and financial stress despite apparent labor market strength.
14 Articles
14 Articles
One In Four Americans Are 'Functionally Jobless' — The 'True' Unemployment Metric That's Peaked In Recent Months
The U.S. unemployment rate is officially stuck at 4.2%, yet a lesser-known yardstick called "functional unemployment" now says roughly one in four American adults is effectively out of luck in the labor market, its highest reading in three months. What Happened: Compiled by the Ludwig Institute for Shared Economic Prosperity, the metric folds in job-seekers who can't land work and full-time workers earning less than $25,000, the federal poverty …
The Middle Class Is Collapsing: Nearly 1 in 4 Americans Now ‘Functionally Unemployed’
Do you ever feel like you are “functionally unemployed”? If so, you are definitely not alone. There are lots of … Read More The post The Middle Class Is Collapsing: Nearly 1 in 4 Americans Now ‘Functionally Unemployed’ first appeared on Charisma News. The post The Middle Class Is Collapsing: Nearly 1 in 4 Americans Now ‘Functionally Unemployed’ appeared first on Charisma News.
Middle Class Collapsing: Nearly 1 Out Of Every 4 Americans Is Now “Functionally Unemployed” » Sons of Liberty Media
Do you ever feel like you are “functionally unemployed”? If so, you are definitely not alone. There are lots of people out there that cannot pay the bills each month even though they have jobs. In fact, there are lots of people out there that literally cannot afford to put a roof over their heads …
The Middle Class Is Collapsing: Nearly 1 Out Of Every 4 Americans Is Now “Functionally Unemployed”
This article was originally published by Michael Snyder at The Economic Collapse Blog. Do you ever feel like you are “functionally unemployed”? If so, you are definitely not alone. There are lots of people out there who cannot pay the bills each month, even though they have jobs. In fact, there are lots of people out there who literally cannot afford to put a roof over their heads, even though they are employed. Yes, there are many hard-work…
Although official sources indicate an unemployment rate of 4.2 per cent, other institutions believe that it exceeds 20 per cent, looking at the functionally unemployed
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