Good morning!
The current labor market appears strong on the surface, but there are big problems lurking underneath.
That’s a term that describes people who are not included in topline unemployment numbers, but are still struggling in the labor market. That includes people who are jobless but have stopped searching for work, as well as people who are employed but earning an annual salary of less than $25,000 a year.
“Amid an already uncertain economic outlook,” said Ludwig, “the rise in functional unemployment is a concerning development.”
