Despite federal reports suggesting a stable labor market, new data from the Ludwig Institute for Shared Economic Prosperity (LISEP) reveals a far grimmer reality for American workers—particularly Black and Hispanic Americans. The institute’s April report on the True Rate of Unemployment (TRU) shows a functional unemployment rate of 24.3%, compared to the official Bureau of Labor Statistics (BLS) figure … Continued
From what they explained, that certainly seems like a better measure.