True Rate of Unemployment

	True Rate of Unemployment(lisep.org)
	301 points by ptrhvns 8 days ago \| 339 comments
	tl;dr: The True Rate of Unemployment (TRU), developed by LISEP using BLS data, measures the share of the U.S. labor force that is jobless, involuntarily part-time, or earning less than $26,000 annually (2025 dollars). It aims to give policymakers a more accurate picture of Americans' financial well-being than the official unemployment rate.
	HN Discussion: ↑Official statistics are misleading and alternative measures like TRU are needed for accuracy ↑The $26,000 living wage threshold is too low and understates the problem of insufficient wages ↓TRU's methodology is flawed, producing implausible results and conflating low-wage work with unemployment ↓The headline unemployment rate already tracks TRU well, making the new metric redundant ~TRU is better understood as political framing to quantify livable-income difficulty rather than a statistical indictment