Right, unless this is counting some broad definition of "underemployed" its obviously off by a large multiple.
What is interesting though is that, despite whatever they are trying to convey about how high their made up rate is.. we are at a lower rate of unemployment than the entirety of 1995-2019?
Their definition is clearly stated in the first paragraph:
Using data compiled by the federal government’s Bureau of Labor Statistics, the True Rate of Unemployment tracks the percentage of the U.S. labor force that does not have a full-time job (35+ hours a week) but wants one, has no job, or does not earn a living wage, conservatively pegged at $26,000 (in 2025 dollars) annually before taxes.
What is interesting though is that, despite whatever they are trying to convey about how high their made up rate is.. we are at a lower rate of unemployment than the entirety of 1995-2019?