The economic research firm’s “True Rate of Unemployment” (TRU) seeks to capture the share of workers that the group defines as “functionally unemployed.” This includes not only people who are unemployed and looking for a job, but also those who are involuntarily working part-time and who are earning poverty-level wages, or less than $26,000 annually before taxes.
Functional unemployment across the U.S. has climbed four straight months and stood at 24.9% as of July, although that’s down from 25.2% in December, according to the Ludwig Institute.
Not to mention homelessness. There are so many practically invisible people out there - living with friends, partners, trap houses, in the woods, on the streets. There are estimates but I can only believe there are so many more “uncounted people” than we really know, people without an address or identification or a bank account.
I have known multiple community college professors that had to live out of their cars