U6 Underemployment Rate

The U6 or underemployment rate, released by the US Bureau of Labor Statistics, considers anyone who has looked for a job within a year and desires to work as unemployed. It adds those workers who are part-time purely for economic reasons. Its wider and more realistic criteria are considered by many economists. Many analysts consider it a more accurate measure of unemployment.

Usually, a higher rate is seen in recessionary economies, while on the ​contrary, a growing economy sees its underemployment rate decreasing. Therefore, a decrease of the figure is seen as positive (or bullish) for the USD, while an increase is seen as negative (or bearish). The number can't determinate just by itself how the markets move, as it depends on the headline reading, the Nonfarm Payrolls.

Most recent - Friday 4 October 2024 12:30

Previous
7.9%
Revised
-
Forecast
-
Actual
7.7%

Trading range

Forecast history

The most recent announced value for U6 Underemployment Rate was 7.7%.

Past events

Date
Forecast
Actual
Friday 4 October 2024 12:30
-
7.7%
Friday 6 September 2024 12:30
-
7.9%
Friday 2 August 2024 12:30
-
7.8%
Friday 5 July 2024 12:30
-
7.4%
Friday 7 June 2024 12:30
-
7.4%
Friday 3 May 2024 12:30
-
7.4%
Friday 5 April 2024 12:30
-
7.3%
Friday 8 March 2024 13:30
-
7.3%
Friday 2 February 2024 13:30
-
7.2%
Friday 5 January 2024 13:30
-
7.1%
Friday 8 December 2023 13:30
-
7%
Friday 3 November 2023 12:30
-
7.2%
Friday 6 October 2023 12:30
-
7%
Friday 1 September 2023 12:30
6.8%
7.1%
Friday 4 August 2023 12:30
-
6.7%
Friday 7 July 2023 12:30
-
6.9%
Friday 2 June 2023 12:30
6.6%
6.7%
Friday 5 May 2023 12:30
6.7%
6.6%
Friday 7 April 2023 12:30
6.7%
6.7%
Friday 10 March 2023 13:30
6.5%
6.8%
Friday 3 February 2023 13:30
6.6%
6.6%
Friday 6 January 2023 13:30
6.7%
6.5%
Friday 2 December 2022 13:30
-
6.7%
Friday 4 November 2022 12:30
6.8%
6.8%
Friday 7 October 2022 12:30
6.8%
6.7%
Friday 2 September 2022 12:30
6.7%
7%
Friday 5 August 2022 12:30
-
6.7%
Friday 8 July 2022 12:30
7%
6.7%
Friday 3 June 2022 12:30
6.9%
7.1%
Friday 6 May 2022 12:30
7%
7%
Friday 1 April 2022 12:30
-
6.9%
Friday 4 March 2022 13:30
7.2%
7.2%
Friday 4 February 2022 13:30
7.5%
7.1%
Friday 7 January 2022 13:30
8%
7.3%
Friday 3 December 2021 13:30
8.4%
7.8%
Friday 5 November 2021 12:30
-
8.3%

Economic context

Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next U6 Underemployment Rate result:

PreviousLatest
Industrial Production (MoM)Bearish change0.3%-0.3%
Initial Jobless ClaimsBullish change260K241K
Philadelphia Fed Manufacturing SurveyBullish change1.710.3
Retail Sales (MoM)Bullish change0.1%0.4%
Retail Sales Control GroupBullish change0.3%0.7%
Retail Sales ex Autos (MoM)Bullish change0.2%0.5%
NY Empire State Manufacturing IndexBearish change11.5-11.9
Michigan Consumer Sentiment IndexBearish change70.168.9
UoM 5-year Consumer Inflation ExpectationBearish change3.1%3%
Producer Price Index ex Food & Energy (MoM)Bearish change0.3%0.2%
Producer Price Index (MoM)Bearish change0.2%0%
Producer Price Index (YoY)Bearish change1.9%1.8%
Producer Price Index ex Food & Energy (YoY)Bullish change2.6%2.8%
Consumer Price Index (MoM)(no change)0.2%0.2%
Consumer Price Index (YoY)Bearish change2.5%2.4%
Consumer Price Index ex Food & Energy (MoM)(no change)0.3%0.3%
Consumer Price Index ex Food & Energy (YoY)Bullish change3.2%3.3%
Initial Jobless ClaimsBearish change225K258K
Average Hourly Earnings (MoM)Bearish change0.5%0.4%
Average Hourly Earnings (YoY)Bullish change3.9%4%
Labor Force Participation Rate(no change)62.7%62.7%
Nonfarm PayrollsBullish change159K254K
Unemployment RateBullish change4.2%4.1%

About U6 Underemployment Rate

Country:United States
Currency:USD
Source:US Bureau of Labor Statistics
Category:Labor Market
Frequency:Monthly
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