‘Functional Unemployment’ Down in January But Higher Than a Year Ago, Says Ludwig Institute

Living-wage employment improves for White workers, worse for Black, Hispanic earners WASHINGTON, Feb. 20, 2025 /PRNewswire/ — The “functional unemployment” rate improved by 0.4 percentage points in January, falling from 23.7% to 23.3%—but remains 0.3 percentage points higher than a year…