Wednesday, July 31, 2013
U6 Unemployment Rate
The U6 unemployment rate counts not only people without work seeking
full-time employment (the more familiar U-3 rate), but also counts
"marginally attached workers and those working part-time for economic
reasons."
Note that some of these part-time workers counted as employed by U-3
could be working as little as an hour a week.
And the "marginally attached workers" include those who have gotten
discouraged and stopped looking, but still want to work.
The age considered for this calculation is 16 years and over
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