Need help understanding U

Economics Nov 07, 2020

Need help understanding U.S. unemployment rate given by the U3 and U6 for years 2005, 2010, and 2015.

Expert Solution

The U-3 unemployment rate, or U3 rate, is the most commonly reported rate of unemployment in the United States and represents the number of people actively seeking a job. The U-6 rate, or U6, includes discouraged, underemployed, and unemployed workers in the country.

Unemployment rate 5.7 percent in January 2015; U-6 measure was 11.3 percent

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