U-6 Unemployment

The U-6 (Unemployment) rate measures the percentage of the U.S. labor force that is unemployed, plus those who are underemployed, marginally attached to the workforce, and have given up looking for work. The U-6 rate is considered by many economists to be the most revealing measure of the true state of the nation’s employment situation. Nevertheless, the more widely-reported unemployment number is the U-3, often referred to simply as the unemployment report. The U3 reveals only the number of people who are out of work and have sought work in the past four weeks. Both numbers are published by the Bureau of Labor Statistics (BLS).

Discover more from RG Richardson

Subscribe now to keep reading and get access to the full archive.

Continue reading