
The US True Rate of Unemployment Is 23 Percent: Ludwig Institute
Soon after President Joe Biden’s State of the Union Address, presidential candidate Robert R. Kennedy, Jr. released his own state of the union, where he claimed that if discouraged workers were included in current unemployment metrics, America’s unemployment rate would stand at 23 percent. For the record, a discouraged worker is an individual who is capable of working and meets the criteria for employment but is jobless and hasn’t made efforts to seek employment in the past four weeks. The True Rate of Unemployment (TRU) monitors individuals in the United States (aged 16 and above) who either lack full-time employment (defined as working 35 or more hours per week), have part-time employment but desire additional hours, or do not earn a sufficient living wage....
