KNOW YOUR HR STUFF: The Difference Between U3/U5/U6 Unemployment Rates
The HR Capitalist
JANUARY 9, 2017
The economy is hot and the 2008/2009 recession feels distant, right? The current U6 unemployment rate as of December 2016 is 9.20 , almost double from what's normally reported as the official U3 rate. See historical chart below: If you consider U6 "real" unemployment, it reached almost 18% post recession in 2009-10.
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