Why are 24% of Americans still “Functionally Unemployed” in a growing economy? – Times of India
Amid headlines touting low unemployment and strong hiring numbers, a deeper, more troubling narrative is taking root across the American workforce. According to a report by the Ludwig Institute for Shared Economic Prosperity (LISEP), 24.3% of working-age Americans are “functionally unemployed”—a term that recasts the traditional definition of joblessness to reflect a far grimmer reality…