The
TRU, as defined by LISEP, measures the percentage of the U.S. labor force that is
functionally unemployed. 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 is seeking but unable to find a full-time job (35+ hours a week), is unemployed, or is employed in a position earning a poverty wage, conservatively pegged at less than $25,000 annually before taxes.