Functional unemployment rises despite falling official jobless rate
The report says the official jobless rate is falling while the number of functionally unemployed people is increasing. This suggests worsening labor-market conditions not captured by the headline measure.
By DoomRadar · Published on DoomRadar .
Why it matters
Hidden labor-market weakness can reduce household incomes and undermine economic stability.
Related source links
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- The official jobless rate has been falling. But the number of 'functionally unemployed' is climbing ↗fortune.com · Recorded source date: Aug 30, 2026, 7:17 PM UTC
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