Claim: According to the Ludwig Institute for Shared Economic Prosperity, the true rate of unemployment in the United States as of July was actually 24.9%.
Verdict: Correct (85% confidence)
Explanation: According to the Ludwig Institute for Shared Economic Prosperity, the true rate of unemployment in the United States was 24.9% as of July, as reported by multiple sources including CBS News and the Ludwig Institute's own publications (CBS News, lisep.org). These sources confirm both the attribution to the Ludwig Institute and the specific unemployment rate figure. The evidence consistently supports the claim, with no sources contradicting the reported figure.