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I'm glad someone else got on this soap box today. Folks will bend over backwards to justify the U-3 rate when it's not that meaningful at all.
by alexilliamson 5y ago
I'm glad someone else got on this soap box today. Folks will bend over backwards to justify the U-3 rate when it's not that meaningful at all.
- xxpor 5y agoIt's extremely meaningful. It measures those who are unemployed. U-6 counts underemployment and people not actively searching due to an "economic reason". Even regardless, the current U-6 rate is very close to the record low: https://fred.stlouisfed.org/series/U6RATE https://fred.stlouisfed.org/series/U6RATE