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It's extremely meaningful. It measures those who are unemployed. U-6 counts underemployment and people not actively searching due to an "economic reason". Even
by xxpor 5y ago
It'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