U6 Underemployment Rate

The U6 or underemployment rate, includes – in addition to the Unemployment Rate – anyone who wants to work but has given up looking for employment in the last year, as well as people working part-time who would like to work full-time. It is released by the US Bureau of Labor Statistics (BLS) and is considered a wider and more realistic labor market metric by many economists. Usually, a higher rate is seen in recessionary economies, while a lower rate is a symptom of growing economies. Generally, a decrease in the figure is seen as bullish for the US Dollar (USD), while an increase is seen as bearish. The number isn’t usually market moving, as it depends on the Nonfarm Payrolls result and other data in the BLS report.