Latest news with #TRU
Economic Times
14 hours ago
- Business
- Economic Times
The hidden job crisis: 25% of Americans are functionally unemployed and it's worse than it sounds
The unemployment rate in America seems low. However, a new report suggests a different story. The Ludwig Institute says the 'true' unemployment rate is much higher. It includes people working part-time or earning low wages. Black and Hispanic workers are affected more. The institute hopes to provide a clearer picture of the economic situation. This helps policymakers make better decisions. Tired of too many ads? Remove Ads The True Unemployment Rate Might Surprise You How LISEP Measures Who's Really Employed Tired of too many ads? Remove Ads Work full-time (35 or more hours per week) Earn at least $25,000 annually before taxes Why the Official Numbers Doesn't Show the Real Picture Who's hit the hardest? Black workers: 27% functionally unemployed Hispanic workers: 28% White workers: 23% Women overall: more likely to be functionally unemployed than men Why it matters Tired of too many ads? Remove Ads FAQs At first glance, the U.S. job market looks strong, as the unemployment rate remained near a 50-year low in April 2025 at 4.2%, and American employers added 177,000 jobs, even amid the uncertainty of tariffs and trade wars, as per a the 'true' rate of unemployment in the US in April was 24.3%, which rose 0.03% from the previous month, as per the Ludwig Institute for Shared Economic Prosperity (LISEP) data, reported Moneywise. LISEP's True Rate of Unemployment (TRU) includes the data of the unemployed people in the US and also the workers who are employed but still struggling, according to the Chair Gene Ludwig said, 'We are facing a job market where nearly one-in-four workers are functionally unemployed, and current trends show little sign of improvement,' quoted institute's metric, called the True Rate of Unemployment (TRU), redefines what it means to be employed, and unlike the Bureau of Labour Statistics, which counts a person as employed even if they worked as little as one hour in a two-week period, TRU focuses on whether that work is actually sustainable, according to the falling short of that, like part-time workers looking for more hours, those earning poverty-level wages, or people who aren't counted by the BLS because they stopped looking for work are included in the TRU, as per explained that, 'The harsh reality is that far too many Americans are still struggling to make ends meet, and absent an influx of dependable, good-paying jobs, the economic opportunity gap will widen,' as quoted in the official unemployment rate leaves out people who aren't actively job hunting, even if they want work, and in April, that included 5.7 million people, as per Moneywise. TRU includes them along with low-wage workers and the underemployed, offering a more complete view of who's actually making a living, according to the said the rate reported by the BLS is 'not technically false,' but is 'deceiving,' considering the number of Americans in the workforce who are 'employed on poverty-like wages' or 'on a reduced workweek that they do not want,' reported numbers are even more concerning when broken down by race and gender, as per Moneywise report:The institute also revealed that Black Americans have had a higher TRU than white Americans every single month since 1995, as per the says, this method, 'provide policymakers and the public with a more transparent view of the economic situation of all Americans, particularly low- and middle-income households, compared with misleading headline statistics,' quoted said, 'Amid an already uncertain economic outlook, the rise in functional unemployment is a concerning development,' adding, 'This uncertainty comes at a price, and unfortunately, the low- and middle-income wage earners ultimately end up paying the bill," as quoted in the reported by the Ludwig Institute for Shared Economic Prosperity (LISEP), which aims to show the full picture of employment in the exactly, because it's just limited. LISEP says it's 'not technically false,' but it doesn't tell the full story.
Time of India
14 hours ago
- Business
- Time of India
The hidden job crisis: 25% of Americans are functionally unemployed and it's worse than it sounds
The unemployment rate in America seems low. However, a new report suggests a different story. The Ludwig Institute says the 'true' unemployment rate is much higher. It includes people working part-time or earning low wages. Black and Hispanic workers are affected more. The institute hopes to provide a clearer picture of the economic situation. This helps policymakers make better decisions. Tired of too many ads? Remove Ads The True Unemployment Rate Might Surprise You How LISEP Measures Who's Really Employed Tired of too many ads? Remove Ads Work full-time (35 or more hours per week) Earn at least $25,000 annually before taxes Why the Official Numbers Doesn't Show the Real Picture Who's hit the hardest? Black workers: 27% functionally unemployed Hispanic workers: 28% White workers: 23% Women overall: more likely to be functionally unemployed than men Why it matters Tired of too many ads? Remove Ads FAQs At first glance, the U.S. job market looks strong, as the unemployment rate remained near a 50-year low in April 2025 at 4.2%, and American employers added 177,000 jobs, even amid the uncertainty of tariffs and trade wars, as per a the 'true' rate of unemployment in the US in April was 24.3%, which rose 0.03% from the previous month, as per the Ludwig Institute for Shared Economic Prosperity (LISEP) data, reported Moneywise. LISEP's True Rate of Unemployment (TRU) includes the data of the unemployed people in the US and also the workers who are employed but still struggling, according to the Chair Gene Ludwig said, 'We are facing a job market where nearly one-in-four workers are functionally unemployed, and current trends show little sign of improvement,' quoted institute's metric, called the True Rate of Unemployment (TRU), redefines what it means to be employed, and unlike the Bureau of Labour Statistics, which counts a person as employed even if they worked as little as one hour in a two-week period, TRU focuses on whether that work is actually sustainable, according to the falling short of that, like part-time workers looking for more hours, those earning poverty-level wages, or people who aren't counted by the BLS because they stopped looking for work are included in the TRU, as per explained that, 'The harsh reality is that far too many Americans are still struggling to make ends meet, and absent an influx of dependable, good-paying jobs, the economic opportunity gap will widen,' as quoted in the official unemployment rate leaves out people who aren't actively job hunting, even if they want work, and in April, that included 5.7 million people, as per Moneywise. TRU includes them along with low-wage workers and the underemployed, offering a more complete view of who's actually making a living, according to the said the rate reported by the BLS is 'not technically false,' but is 'deceiving,' considering the number of Americans in the workforce who are 'employed on poverty-like wages' or 'on a reduced workweek that they do not want,' reported numbers are even more concerning when broken down by race and gender, as per Moneywise report:The institute also revealed that Black Americans have had a higher TRU than white Americans every single month since 1995, as per the says, this method, 'provide policymakers and the public with a more transparent view of the economic situation of all Americans, particularly low- and middle-income households, compared with misleading headline statistics,' quoted said, 'Amid an already uncertain economic outlook, the rise in functional unemployment is a concerning development,' adding, 'This uncertainty comes at a price, and unfortunately, the low- and middle-income wage earners ultimately end up paying the bill," as quoted in the reported by the Ludwig Institute for Shared Economic Prosperity (LISEP), which aims to show the full picture of employment in the exactly, because it's just limited. LISEP says it's 'not technically false,' but it doesn't tell the full story.
BBC News
4 days ago
- Business
- BBC News
Weekend railway disruption between Leeds and York set to start
Rail passengers have been urged to check before they travel as five weekends of rail disruption between Leeds and York are due to begin on between the cities, as well as trains between Leeds and Selby, are expected to be affected, with routes diverted via Castleford. Local stations, such as Cross Gates and Garforth, will be served by rail replacement bus services. Weekday services will not be affected. About 3.7 miles (6km) of overheard wire is set to be installed during the disruption. The work will also allow for the demolishing of the Cross Gates Station Road Bridge, as well as the installation of the new bridge framework. The weekends which are set to be affected are 7-8 June, 14-15 June, 21-22 June, 28-29 June and 5-6 July. The disruption is part of the Transpennine Route Upgrade (TRU) a multibillion-pound project aiming to provide better transport across the Pennines. The whole project is set to be completed in 2041. Adam Sellers, Senior Sponsor for the TRU said that the work would help make the services "faster, greener and more reliable".However he also recognised the disruption it would cause: "My advice for passengers would be to plan ahead. We have put in as much mitigation to this as possible to ensure that people can travel just as they normally would, with potentially longer journeys"I would like to thank the passengers for their patience during this time," he added.
CTV News
5 days ago
- General
- CTV News
Don't be alarmed: OPP training exercise planned for high school in Exeter
South Huron District High School in Exeter, Ont. as seen in September 2019. (Scott Miller/CTV News London) Don't be alarmed if you see an increased police presence in Exeter on Friday. Members of Huron County Ontario Provincial Police (OPP), West Region OPP Tactics and Rescue Unit (TRU), and West Region OPP Emergency Response Team (ERT), are partnering with the Avon Maitland District School Board (AMDSB) for emergency response training at the South Huron District High School in Exeter. Emergency responders will be doing training exercises for scenarios involving high-risk situations including active attackers. The training is is expected to run from 9 a.m. to 3 p.m. According to police, members of the public will notice several emergency response vehicles and personnel in and around the school property. The school, located at 92 Gidley St. will be closed to students for a P.A. Day.
Axios
7 days ago
- General
- Axios
Trail Mix: Detroit transit mayoral event coming up
Welcome back to our weekly roundup of local election news. Answer received: The hosts of a Detroit mayoral forum last month asked the candidates to answer who on the ballot they would vote for if they weren't candidates themselves. It took coaxing to get answers, many of which you can read here. Pastor Solomon Kinloch Jr. didn't attend, so when we saw him at the Mackinac Policy Conference last week, we asked him what he would have said. He told Axios he wouldn't have answered the question — that he was told "a long time ago" that just because someone asked, doesn't mean you need to answer. Transit advocates, rise: Another mayoral candidate gathering is coming up at 6pm Wednesday — but this one is a deep dive into transit issues hosted by nonprofit Transportation Riders United and partners. TRU says it won't endorse, but believes better public transit is "crucial to the future of the city," so voters need to hear the candidates' ideas and stances. In-person tickets sold out, but it can be viewed virtually.
