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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 months 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@lemmy.sdf.org 12 points 2 months ago (4 children)

I could easily imagine a timeline where I was a cis male prostitute sucking off guys if I wasn’t born to fortunate circumstances. Our society is completely broken.

[–] MegaUltraChicken@lemmy.world 11 points 2 months ago (3 children)

Hey friend, don't let your dreams stay dreams. I believe in you.

[–] some_guy@lemmy.sdf.org 6 points 2 months ago (2 children)

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

[–] turtlesareneat@discuss.online 2 points 2 months ago

Heyyy

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