U-6 (Unemployment) Rate

The U-6 unemployment rate is a measure of unemployment that includes people who are unemployed, people who are marginally attached to the labor force, and people who are working part-time but would like to work full-time. The U-6 unemployment rate is higher than the official unemployment rate, which only includes people who are unemployed and actively looking for work.

The U-6 unemployment rate is a more comprehensive measure of unemployment because it includes people who are not actively looking for work but would like to work. These people are considered to be marginally attached to the labor force. They may be discouraged workers who have given up looking for work because they believe that there are no jobs available for them. They may also be people who are unable to work because of childcare or other family responsibilities.

The U-6 unemployment rate is also higher than the official unemployment rate because it includes people who are working part-time but would like to work full-time. These people are considered to be underemployed. They may be working part-time because they cannot find a full-time job or because they are working part-time to supplement their income.

The U-6 unemployment rate is a useful measure of the health of the labor market. It provides a more comprehensive picture of the number of people who are unemployed and underemployed. The U-6 unemployment rate is also a good indicator of the economic recovery. When the economy is growing, the U-6 unemployment rate tends to decline. When the economy is in recession, the U-6 unemployment rate tends to increase.

The U-6 unemployment rate is calculated by the Bureau of Labor Statistics. The BLS surveys households and businesses to collect data on the number of people who are unemployed, marginally attached to the labor force, and working part-time but would like to work full-time. The BLS publishes the U-6 unemployment rate on a monthly basis.

The U-6 unemployment rate is an important economic indicator. It provides information about the health of the labor market and the economic recovery. The U-6 unemployment rate is also a good indicator of the number of people who are struggling to find work.