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.
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