U-3 vs. U-6
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Wonder what our actual unemployment rate is?
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I can understand why they use the U-3. I think it would be somewhat hard to accurately measure underemployment.
"I think I should be CEO of Fortune 100 company, but I am stuck making hamburger at McDonald!"
But I agree that the U-6 would be more accurate. It probably is 2-3% higher than U-3 on normal.
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