example of underemployment not showing in unemployment stats.
McDonald's is used as an example of low-unemployment resilience, reflecting how job-market data can miss underemployment.
Unemployment can be skewed by definitions and underemployment that unemployment metrics don’t capture. McDonald's is referenced as an example where someone may be working instead of their intended higher-skill job while still not counted as unemployed.
"This Is Why The New Fed Is Worried About A 2026 Recession (It's Not What You Think)"