3 ms·

U-3 is the commonly published "unemployment rate," aka the thing that is currently 4.4%. I don't think many people actually looks at U-1. You can get a better p

U-3 is the commonly published "unemployment rate," aka the thing that is currently 4.4%. I don't think many people actually looks at U-1. You can get a better picture by looking at U-5 or U-6 together with the participation rate (LFPR).

jazzyk 9y ago
Edited my comment to remove the U1, U3 reference, not to confuse everyone. The point still stands, though.