FORTUNE(@FortuneMagazine):The Ludwig Institute for Shared Economic Prosperity measures the “functionally unemployed,” who include the jobless, those involuntarily working part-time, and those earning a poverty wage. That gauge hit 24.9% in July and has climbed 1.3 percentage points since March.

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2026.08.30 17:48

The Ludwig Institute for Shared Economic Prosperity measures the “functionally unemployed,” who include the jobless, those involuntarily working part-time, and those earning a poverty wage. That gauge hit 24.9% in July and has climbed 1.3 percentage points since March.