The official jobless rate is so low the Fed thinks the economy is at full employment. But a gauge of the 'functionally unemployed' keeps climbing

The official jobless rate is so low the Fed thinks the economy is at full employment. But a gauge of the ‘functionally unemployed’ keeps climbing
Jason Ma Sun, August 30, 2026 at 1:30 PM EDT 3 min read
The Labor Department's unemployment ra
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