3 ms·
U-6 unemployment has been trending down not up over the last year. Looking at specific dates, raw U-6 is .9 less than a year ago. Seasonally adjusted U-6 is a
by IncRnd 9y ago
U-6 unemployment has been trending down not up over the last year.
Looking at specific dates, raw U-6 is .9 less than a year ago. Seasonally adjusted U-6 is a full point less than a year ago.
https://www.bls.gov/news.release/empsit.t15.htm https://www.bls.gov/news.release/empsit.t15.htm
- Bartweiss 9y agoFor all the talk about different unemployment rates, U3 - U6 track each other shockingly closely. That said, OP's complaint still applies for LFPR or NEET percentage, which as far as I know are moving opposite U3-6?
- IncRnd 9y agoLFPR has been mostly unchanged since the end of 2013. https://data.bls.gov/timeseries/LNS11300000 https://data.bls.gov/timeseries/LNS11300000 I agree, though, the U numbers are basically the definition of "fake news" from the standpoint of what you mentioned.