True
Rate of Unemployment*

25.5%

October 2020

* As defined by the Ludwig Institute for Shared Economic Prosperity (LISEP)
Headline
Rate of Unemployment*

6.9%

October 2020

* As defined by the U.S. Bureau of Labor Statistics

What is the “True Rate of Unemployment”?

The True Rate of Unemployment, as defined by the Ludwig Institute for Shared Economic Prosperity (LISEP), measures the percentage of the U.S. labor force that is functionally unemployed.

Using data compiled by the federal government’s Bureau of Labor Statistics, the True Rate of Unemployment tracks the percentage of the U.S. labor force that does not have a full-time job (35+ hours a week) but wants one, has no job, or does not earn a living wage, conservatively pegged at $20,000 annually before taxes.

Just as an accurate census is a prerequisite to funding American communities equitably, policymakers depend on economic indicators to shape economic policy. LISEP developed the True Rate of Unemployment to provide analysts and decision-makers with a more accurate measure of Americans’ financial well-being.

For a more in-depth explanation of the True Rate of Unemployment, please reference this white paper.

True Rate of Unemployment

1995-2020

Select any point on the chart to see the True Rate of Unemployment for that month.

2000
2005
2010
2015
2020
1995

True Rate of Unemployment by Race

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31.1%
Black
October 2020
31.9%
Hispanic
October 2020
22.9%
White
October 2020
2000
2005
2010
2015
2020
1995

True Rate of Unemployment by Sex

Select any point on the chart to see the True Rate of Unemployment for that month.

30.4%
Female
October 2020
21.3%
Male
October 2020
2000
2005
2010
2015
2020
1995

True Rate of Unemployment by Education

Select any point on the chart to see the True Rate of Unemployment for that month.

50.2%
No High School
October 2020
30.3%
High School Diploma
October 2020
22.2%
Some College
October 2020
18.7%
Bachelors Degree
October 2020
13.1%
Advanced Degree
October 2020
2000
2005
2010
2015
2020
1995

True Rate of Unemployment by State

August 2020

Select any state or percentage to see the most recent True Rate of Unemployment.