Even if you accept that this metric for employment is legitimate, it is "soaring" from a historic low of 22% in May 2023. It's been mostly flat since mid-2022.
The original source has much better historical information and a definition of the "functional unemployment" rate [0]. And the charts here don't really show this rate "soaring"
> 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 $25,000 annually before taxes.
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[ 3.1 ms ] story [ 22.9 ms ] thread> 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 $25,000 annually before taxes.
https://www.lisep.org/tru
understatement of the day. The posted link somehow manages to both say nothing and repeat itself.