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The April True Rate of Unemployment (TRU) from Ludwig Institute for Shared Economic Prosperity shows a slight increase in functional unemployment, rising 0.3 percentage points to 24.3%, compared to the unchanged BLS metric at 4.2%. Learn more: lisep.org/tru

For too long, traditional cost-of-living measures have focused on mere survival. Ludwig Institute for Shared Economic Prosperity’s new Minimal Quality of Life and Shared Economic Prosperity metrics reflect the lived reality of most Americans. More from Nazmul Ahasan and Jarrell Dillard via Bloomberg:

Outdated size definitions have long forced financial institutions into regulatory frameworks misaligned with their actual risk or business models. My latest in American Banker BankThink argues it’s time for a fundamental rethink of bank classifications.

Americans are working harder than ever, fueling our economic growth, but the benefits of that hard work are not being distributed in a way that supports upward mobility, finds Ludwig Institute for Shared Economic Prosperity. More from CBS MoneyWatch: cbsnews.com/news/cost-of-l…

The Shared Economic Prosperity Index (SEP) from @lisep_org shows that in 2023, the bottom 60% of U.S. households earned 22.1% of all disposable income–far below the 39% required to meet a minimal quality of life. More: lisep.org/sep

I recently joined CBS Evening News to discuss findings from Ludwig Institute for Shared Economic Prosperity’s latest reports: ▪️ 60% of Americans struggle to meet a minimal quality of life ▪️ Real wages are down 4% since 2001 ▪️ Official stats often misrepresent true economic well-being Watch: cbsnews.com/video/affordab…

May’s Ludwig Report unveils Ludwig Institute for Shared Economic Prosperity’s Minimal Quality of Life Index & Shared Economic Prosperity Measure, showing a widening gap between what Americans earn & the true cost of economic well-being. The TRU stays above 24% for the third straight month: mailchi.mp/058bb19948c1/t…

The True Rate of Unemployment from Ludwig Institute for Shared Economic Prosperity rose to 24.3% in April—nearly 6x the official rate. Why the gap? As I told CBS News, the TRU counts those in "survival mode," including millions stuck in part-time or poverty-wage jobs who can't make ends meet. cbsnews.com/news/unemploym…

“The Mismeasurement of America” explores the disconnect between official statistics and economic reality for LMI families that Ludwig Institute for Shared Economic Prosperity has been detailing in its work. The truth turns out to be disconcerting: The statistics are misleading. x.com/LISEP_org/stat…

New data from Ludwig Institute for Shared Economic Prosperity’s TRU reveals 24.3% of Americans are functionally unemployed. Many are struggling to make ends meet, and absent an influx of dependable, good-paying jobs, the economic opportunity gap will widen. More: forbes.com/sites/chriswes… fastcompany.com/91341084/funct…

I wrote "The Mismeasurement of America" because we can’t fix what we don’t measure truthfully. Grateful to Gillian Tett & Financial Times for highlighting the book in this timely piece on the fragility of public data. This mission continues at Ludwig Institute for Shared Economic Prosperity. ft.com/content/ccb0c8…

Official inflation stats often miss the mark for low- and middle-income households. In 2023, Ludwig Institute for Shared Economic Prosperity’s True Living Cost Index showed a 9.4% rise in essentials—more than double the CPI’s 4.1%. Unlike the CPI, the TLC tracks what households truly spend on.msn.com/en-us/money/ne…

If information is power, then the opposite—a lack of comprehensive, unbiased, accurate information—will ultimately result in weakness. I've released a statement on the dangers posed by underfunded and potentially compromised government economic data: lisep.org/content/the-da…

In my latest for American Banker BankThink, I call for a smarter approach to regulation—one that supports responsible risk-taking in volatile times. Punishing banks for thoughtful decisions derailed by macroeconomic shocks only weakens innovation, infrastructure, and growth.

The U.S. poverty rate was 11% in 2023, but Ludwig Institute for Shared Economic Prosperity’s Minimal Quality of Life index reveals a deeper struggle: nearly 60% of Americans couldn’t afford a minimal quality of life. Reporting from CNBC takes an honest look at the cost of the American Dream: cnbc.com/2025/06/13/mos…

The May True Rate of Unemployment (TRU) from Ludwig Institute for Shared Economic Prosperity shows a slight uptick from 24.2% to 24.3% between April and May. This is the fourth straight month that the TRU has been above 24%. Learn more: lisep.org/tru

Where is the US labor market strongest? Ludwig Institute for Shared Economic Prosperity’s TRU by MSA analysis takes an in-depth look at the True Rate of Unemployment for the 100 most populous metros. In 2024, the best-performing market had a TRU of 16.1%. The worst? 45.9%. See the full list: lisep.org/local

We can’t build sound policy with outdated metrics or regulate the future with rules from the past. I sat down with Stephen Scott for Starling’s 2025 Compendium to discuss why economic measurement and financial oversight must evolve to meet today’s realities.

June's edition of The Ludwig Report examines the power of accurate data and the consequences of its absence. Inside: - 2024 TRU by MSA analysis - May's True Rate of Unemployment - Coverage of Ludwig Institute for Shared Economic Prosperity's Minimal Quality of Life Index Read the report: mailchi.mp/742297b5ab39/t…

The official unemployment rate is under 5%, but Ludwig Institute for Shared Economic Prosperity’s TRU tells a different story. As Newsweek reports, "[the TRU] captures other elements that factor into the overall health of the U.S. labor market" & remains above 24% for four straight months. newsweek.com/us-warned-mill…