A low unemployment rate typically signals that an economy is generally healthy. The unemployment rate in the U.S. remained near a 50-year-low in April 2025 at 4.2% — plus, American employers added 177,000 jobs in April despite the uncertainty of Trump’s tariffs and trade wars.
This all sounds good, right? Not so fast.
The “true” rate of unemployment in April, according to the Ludwig Institute for Shared Economic Prosperity (LISEP), was 24.3%, up 0.03% from the previous month. LISEP’s True Rate of Unemployment (TRU) includes the unemployed, as well as workers who are employed but still struggling.
This, more than any other issue, is why Republicans ran the table in 2024. (And why it’s absurd for Democratic ideologues to be gaslighting people about economic issues, as if they don’t have to look at their own medical and grocery bills or paycheck stubs.)
Yeah, but neoliberals will never admit people don’t like their economic policies when they can just scapegoat sexism and antisemitism (read: anti-genocide except as a bad thing somehow) instead.
Funny thing about neoliberalism can he blamed on liberals when conservatives arguably enact it more
Yep. The agility to find a job right now doesn’t exist. My current job is toxic af and so I spent a full year and a half looking for a replacement gig before just giving up. I have never in my multiple decades on this planet had this much trouble job hunting. There are no jobs. But you wouldn’t know why because Biden and his goons refused to release or admit the reality.
