4.5% in December, which puts it on-par with 2017 and lower than 2016. U-6, which is probably a better measure of actual slack in the labor market, is lower than

4.5% in December, which puts it on-par with 2017 and lower than 2016. U-6, which is probably a better measure of actual slack in the labor market, is lower than any time in recent history except q3/4 2019.