LISEP True Rate of Unemployment

What it is

The Ludwig Institute's alternative unemployment measure that counts people who are jobless, underemployed, or earning below a living wage.

In plain terms

A research institute publishes a "true rate of unemployment" that counts anyone jobless, stuck in part-time work, or earning under a living wage. The number is usually far higher than the official rate, which explains why a "strong" job market can still feel impossible.

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