Right, most of it is just report the U-3 rate because we've always reported the U-3 rate. You can infer the U-x rate by multiplying the U-3 by some fixed scali

Right, most of it is just report the U-3 rate because we've always reported the U-3 rate. You can infer the U-x rate by multiplying the U-3 by some fixed scaling factor (i.e., x1.9 for U-6). I feel like people love to call the the U-6 the "real" unemployment rate because it looks far worse than it actually is. But, in reality it doesn't matter if your preffered figure feel from 10% to 6% or from 17% to 10% over a time period.