⚠️The true rate of US unemployment might be as high as 24%

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The so-called true rate of US unemployment was ~23.7%, according to Ludwig Institute for Shared Economic Prosperity.

This rate includes Americans who want full-time work but cannot get it, or earn less than $25,000 a year.

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This is way above the official rate of 4.0% reported by the BLS in January.

In other words, nearly 40 million Americans are struggling through some kind of underemployment.

Meanwhile, the BLS claims the number of underemployed people is “just” 4.5 million:

To find out the real shape of the US job market, please read the article below:

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