EmbeddingGemma 2: an open, lightweight multimodal embedding model
deepmind.google·6d ago
AI Engineering
Hacker News·Sep 2·5 min read
True Rate of Unemployment
TL;DR
The True Rate of Unemployment measures the percentage of the U.S. labor force that lacks full-time employment but desires it, revealing a more comprehensive view of economic well-being. This metric, developed by LISEP, highlights the financial struggles of Americans earning below a living wage of $26,000 annually.
✦ Why It Matters
Consider advocating for policies that address the needs of underemployed individuals in your community.
Key Takeaways
- Understand the limitations of traditional unemployment metrics.
- Advocate for policies that consider underemployment.
- Utilize the True Rate for community funding discussions.
- Stay informed about economic indicators affecting your area.
Full Summary
True Rate of Unemployment, developed by LISEP, utilizes data from the Bureau of Labor Statistics to assess the economic status of the U.S. labor force. It includes individuals who want full-time jobs but are either unemployed or earning below a living wage, defined as $26,000 annually in 2025 dollars.
This approach offers a more nuanced view of unemployment, highlighting those who are underemployed or struggling financially. By focusing on those without full-time work, the metric aims to inform policymakers about the true economic landscape.
The implications of this measure are significant, as it can influence funding and support for communities based on their actual economic needs.