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US Unemployment Soars to 24.3%, Study Reveals

5/29/2025

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Summary

Story summary

A study by the Ludwig Institute for Shared Economic Prosperity (LISEP) reveals the U.S. unemployment rate is 24.3%, not 4.2%.
LISEP defines "functional unemployment" as individuals without jobs, unable to secure full-time work, or in low-wage positions.
The report underscores economic challenges, especially for Black and Hispanic workers, urging improved job opportunities.
LISEP stresses that conventional economic metrics fail to capture the true struggles of many Americans.

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Story summary

A study by the Ludwig Institute for Shared Economic Prosperity (LISEP) reveals the U.S. unemployment rate is 24.3%, not 4.2%.
LISEP defines "functional unemployment" as individuals without jobs, unable to secure full-time work, or in low-wage positions.
The report underscores economic challenges, especially for Black and Hispanic workers, urging improved job opportunities.
LISEP stresses that conventional economic metrics fail to capture the true struggles of many Americans.