> Using data compiled by the federal government’s Bureau of Labor Statistics, the True Rate of Unemployment tracks the percentage of the U.S. labor force that d

> Using data compiled by the federal government’s Bureau of Labor Statistics, the True Rate of Unemployment tracks the percentage of the U.S. labor force that does not have a full-time job (35+ hours a week) but wants one, has no job, or does not earn a living wage, conservatively pegged at $26,000 (in 2025 dollars) annually before taxes. The fact that "does not have a full-time job" is accompanied by "but wants one", but "has no job" isn't shows how unserious this statistic is. So my 90 years old retired grandma is functionally unemployed? Same for my multimillionaire retired 50 years old uncle? Nonsense.