News for hackers. Stuff that matters.

A comment on US Federal Reserve raises interest rates for first time since 2018. Parent comment

Re:US Federal Reserve raises interest rates for first time s... by alexilliamson on Wednesday March 16, 2022 @06:01PM (#30704691)
I'm glad someone else got on this soap box today. Folks will bend over backwards to justify the U-3 rate when it's not that meaningful at all.
[ Parent | on HN ]
Re:US Federal Reserve raises interest rates for first time s... by xxpor on Wednesday March 16, 2022 @06:27PM (#30704932)
It's extremely meaningful. It measures those who are unemployed. U-6 counts underemployment and people not actively searching due to an "economic reason".

Even regardless, the current U-6 rate is very close to the record low: https://fred.stlouisfed.org/series/U6RATE

[ Parent | on HN ]