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.
The typical/expected impact on USD pairs is medium.
There is no forecast value for U6 Underemployment Rate yet - check back for updates.
Recent economic data has been moderately bearish for USD. Other recent announcements which may affect the market's interpretation of the next U6 Underemployment Rate result:
Previous | Latest | ||||
---|---|---|---|---|---|
Michigan Consumer Expectations Index | Bearish change | 51.7 | 51.2 | ||
Michigan Consumer Sentiment Index | Bearish change | 55.1 | 55 | ||
UoM 1-year Consumer Inflation Expectations | Bearish change | 4.7% | 4.6% | ||
UoM 5-year Consumer Inflation Expectation | (no change) | 3.7% | 3.7% | ||
ISM Services Employment Index | Bullish change | 46.5 | 47.2 | ||
ISM Services New Orders Index | Bearish change | 56 | 50.4 | ||
ISM Services PMI | Bearish change | 52 | 50 | ||
ISM Services Prices Paid | Bullish change | 69.2 | 69.4 | ||
Challenger Job Cuts | Bearish change | 85.979K | 54.064K | ||
ISM Manufacturing Employment Index | Bullish change | 43.8 | 45.3 | ||
ISM Manufacturing New Orders Index | Bearish change | 51.4 | 48.9 | ||
ISM Manufacturing PMI | Bullish change | 48.7 | 49.1 | ||
ISM Manufacturing Prices Paid | Bearish change | 63.7 | 61.9 | ||
ADP Employment Change | Bearish change | -3K | -32K | ||
JOLTS Job Openings | Bullish change | 7.208M | 7.227M | ||
Chicago PMI | Bearish change | 41.5 | 40.6 | ||
Housing Price Index (MoM) | Bullish change | -0.2% | -0.1% |
Country: | United States |
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Currency: | USD |
Source: | US Bureau of Labor Statistics |
Category: | Labor Market |
Frequency: | Monthly |