Nearly 25% of U.S. workers are "functionally unemployed," economic analysis finds

Source CBS Local
Original Load Date Aug. 21, 2026, 1 p.m.
Last Updated Aug. 21, 2026, 1 p.m.
Original URL https://www.cbsnews.com/chicago/news/functional-unemployment-us-labor-market-analysis/

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The U.S. job market is less robust than it looks, according to a new analysis. The nation's [ unemployment rate fell to 4.1% ][1] in July, well within the range economists consider healthy. Yet that measure, which reflects the percentage of people over the age of 16 who don't have a job and who ar...