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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.

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Most recent - Today 12:30

Revised

Forecast

Actual

7.9%

Next event - Friday, 2 May 12:30

Forecast

Actual

The typical/expected impact on USD pairs is medium.

There is no forecast value for U6 Underemployment Rate yet - check back for updates.

Trading range

Forecast history

The most recent announced value for U6 Underemployment Rate was 7.9%.

Past events

Date

Forecast

Actual

Today 12:30

7.9%

7 March 2025 13:30

7 February 2025 13:30

7.5%

10 January 2025 13:30

7.5%

6 December 2024 13:30

7.8%

1 November 2024 12:30

7.7%

4 October 2024 12:30

7.7%

6 September 2024 12:30

7.9%

2 August 2024 12:30

7.8%

5 July 2024 12:30

7.4%

7 June 2024 12:30

7.4%

3 May 2024 12:30

7.4%

5 April 2024 12:30

7.3%

8 March 2024 13:30

7.3%

2 February 2024 13:30

7.2%

5 January 2024 13:30

7.1%

8 December 2023 13:30

3 November 2023 12:30

7.2%

6 October 2023 12:30

1 September 2023 12:30

6.8%

7.1%

4 August 2023 12:30

6.7%

7 July 2023 12:30

6.9%

2 June 2023 12:30

6.6%

6.7%

5 May 2023 12:30

6.7%

6.6%

7 April 2023 12:30

6.7%

10 March 2023 13:30

6.5%

6.8%

3 February 2023 13:30

6.6%

6 January 2023 13:30

6.7%

6.5%

2 December 2022 13:30

6.7%

4 November 2022 12:30

6.8%

7 October 2022 12:30

6.8%

6.7%

2 September 2022 12:30

6.7%

5 August 2022 12:30

6.7%

8 July 2022 12:30

6.7%

3 June 2022 12:30

6.9%

7.1%

6 May 2022 12:30

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:

		Previous	Latest
Average Hourly Earnings (MoM)	Bullish change	0.2%	0.3%
Average Hourly Earnings (YoY)	Bearish change	4%	3.8%
Labor Force Participation Rate	Bullish change	62.4%	62.5%
Nonfarm Payrolls	Bullish change	117K	228K
Unemployment Rate	Bearish change	4.1%	4.2%
ISM Services Employment Index	Bearish change	53.9	46.2
ISM Services New Orders Index	Bearish change	52.2	50.4
ISM Services PMI	Bearish change	53.5	50.8
ISM Services Prices Paid	Bearish change	62.6	60.9
S&P Global Composite PMI	(no change)	53.5	53.5
Initial Jobless Claims	Bullish change	225K	219K
Challenger Job Cuts	Bullish change	172.017K	275.24K
Factory Orders (MoM)	Bearish change	1.8%	0.6%
ADP Employment Change	Bullish change	84K	155K
ISM Manufacturing Employment Index	Bearish change	47.6	44.7
ISM Manufacturing New Orders Index	Bearish change	48.6	45.2
ISM Manufacturing PMI	Bearish change	50.3	49
ISM Manufacturing Prices Paid	Bullish change	62.4	69.4
JOLTS Job Openings	Bearish change	7.762M	7.568M
Chicago Purchasing Managers' Index	Bullish change	45.5	47.6
Michigan Consumer Sentiment Index	Bearish change	57.9	57
UoM 5-year Consumer Inflation Expectation	Bullish change	3.9%	4.1%
Core Personal Consumption Expenditures - Price Index (MoM)	Bullish change	0.3%	0.4%
Core Personal Consumption Expenditures - Price Index (YoY)	Bullish change	2.7%	2.8%
Personal Consumption Expenditures - Price Index (MoM)	(no change)	0.3%	0.3%
Personal Consumption Expenditures - Price Index (YoY)	(no change)	2.5%	2.5%
Personal Income (MoM)	Bullish change	0.7%	0.8%
Personal Spending	Bullish change	-0.3%	0.4%
Pending Home Sales (MoM)	Bullish change	-4.6%	2%
Core Personal Consumption Expenditures (QoQ)	Bearish change	2.7%	2.6%
Gross Domestic Product Annualized	Bullish change	2.3%	2.4%
Gross Domestic Product Price Index	Bearish change	2.4%	2.3%
Initial Jobless Claims	Bullish change	225K	224K
Personal Consumption Expenditures Prices (QoQ)	(no change)	2.4%	2.4%
Durable Goods Orders	Bearish change	3.3%	0.9%
Durable Goods Orders ex Defense	Bearish change	3.7%	0.8%
Durable Goods Orders ex Transportation	Bullish change	0.1%	0.7%
Nondefense Capital Goods Orders ex Aircraft	Bearish change	0.9%	-0.3%
New Home Sales Change (MoM)	Bullish change	-6.9%	1.8%
Housing Price Index (MoM)	Bearish change	0.5%	0.2%
S&P Global Composite PMI	Bullish change	51.6	53.5
S&P Global Manufacturing PMI	Bearish change	52.7	49.8
S&P Global Services PMI	Bullish change	51	54.3

About U6 Underemployment Rate

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

Related events

	Australia		Unemployment Rate s.a.
	Australia		Employment Change s.a.
	Canada		Unemployment Rate
	Canada		Net Change in Employment
	New Zealand		Unemployment Rate
	New Zealand		Employment Change
	United Kingdom		Employment Change
	United Kingdom		ILO Unemployment Rate (3M)
	United Kingdom		Claimant Count Change
	United States		Nonfarm Payrolls
	United States		ADP Employment Change
	United States		Average Hourly Earnings (MoM)
	United States		Average Hourly Earnings (YoY)
	Australia		Wage Price Index (QoQ)
	Australia		Part-Time Employment
	Australia		Participation Rate
	Australia		Full-Time Employment
	Canada		Average Hourly Wages (YoY)
	Germany		Unemployment Change
	Germany		Unemployment Rate s.a.
	Eurozone		Unemployment Rate
	Eurozone		Employment Change (QoQ)
	Japan		Labor Cash Earnings (YoY)
	Japan		Unemployment Rate
	New Zealand		Participation Rate
	New Zealand		Labour Cost Index (QoQ)
	United Kingdom		Claimant Count Rate
	United Kingdom		Average Earnings Including Bonus (3Mo/Yr)
	United Kingdom		Average Earnings Excluding Bonus (3Mo/Yr)
	United States		ISM Manufacturing Employment Index
	United States		Unit Labor Costs
	United States		Personal Income (MoM)
	United States		Nonfarm Payrolls Benchmark Revision
	United States		ISM Services Employment Index
	United States		Unemployment Rate
	United States		Nonfarm Productivity
	United States		JOLTS Job Openings
	United States		Initial Jobless Claims
	United States		Challenger Job Cuts
	United States		Labor Force Participation Rate
	United States		Employment Cost Index

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U6 Underemployment Rate

Most recent - Today 12:30

Next event - Friday, 2 May 12:30

Trading range

Trading range after each U6 Underemployment Rate event

Forecast history

Past events

Economic context

About U6 Underemployment Rate

Related events