Do You Trust the Government’s Unemployment Numbers?
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In this episode, I look at the major gap between the official 4.2% unemployment rate and LISEP's True Rate of Unemployment, which puts the real figure at 24.3%. I explore how traditional job stats understate underemployment and poverty wages, and what that means for workers, policy, and economic well-being today.
Also in this episode:
📉 I break down how the BLS defines employment versus LISEP’s stricter standards—where working one hour still counts as “employed.”
📊 I examine disparities in unemployment based on race, gender, and education—and why certain groups are disproportionately affected.
💰 I explore how inflation, stagnant wages, and gig work complicate our understanding of job sufficiency in America.
📋 I review LISEP’s broader mission to reshape how we define economic health through TRU and related metrics.
⚖️ I look at why many Americans are functionally unemployed despite “having jobs,” and how that affects long-term economic stability.
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The views and opinions shared on this channel are for informational and educational purposes only. Although previously licensed, the contributors are no longer industry participants and are not licensed to provide financial advice. They strive to provide you with educational information in an entertaining manner. Always do your own research and due diligence before investing. Generally speaking, you should consult a licensed investment professional before investing.
