3 ms·
Since the U3 and U6 more or less follow the same trend., it makes sense to keep using the same reported measure for continuity. People know that 8% "umemploymen
by rhino369 12y ago
Since the U3 and U6 more or less follow the same trend., it makes sense to keep using the same reported measure for continuity. People know that 8% "umemployment" (aka U3) is bad. If you suddenly start reporting U6, people will think a 8% U6 is bad, when it is rather good.
If you want to use it to measure or model something else, you might have a reason to pick a different measurement.