Re:Say Hello to Full Employment
by all_blue_chucks on Saturday July 07, 2018 @12:07AM
(#17476934)
> People who stop searching for jobs are excluded from the official unemployment rate
The official employment stats cover both. U3 is the unemployment rate, which correctly covers only the labor force, while U6 covers the labor participation rate, which covers the population.
The official employment stats cover both. U3 is the unemployment rate, which correctly covers only the labor force, while U6 covers the labor participation rate, which covers the population.