> For every person counted there's at least one wishing for work but given up enough to not report. Isn't that essentially what U6 tries to measure? It indeed

> For every person counted there's at least one wishing for work but given up enough to not report. Isn't that essentially what U6 tries to measure? It indeed tends to be fairly close to double the headline U3 unemployment rate most of the time. It is highly correlated to U3, though, so as long as you are looking at U3 in terms of changes instead of in terms of the absolute number, U6 doesn't add much to the picture.