US U-6 Unemployment Rate (I:USU6UR)
Level Chart
Basic Info
|
US U-6 Unemployment Rate is at 7.20%, compared to 7.10% last month and 7.00% last year. This is lower than the long term average of 10.21%. |
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The US U-6 Unemployment Rate measures the total number of employees in the United States that are a part of the labor force, but are without a job. Unemployment rates can be a good gauge for how the economy is performing in a particular region. Historically, the US U-6 Unemployment Rate reached as high as 18% in 2010. The U-6 rate differs from the more commonly reported U-3 rate in that it also includes workers that are discouraged and underemployed. This might give a better idea on how to US economy is functioning, since it captures a larger labor force. |
| Report | Employment Situation |
| Categories | Employment , Hours and Wages |
| Region | United States |
| Source | Bureau of Labor Statistics |
Stats
| Last Value | 7.20% |
| Latest Period | Aug 2023 |
| Last Updated | Sep 1 2023, 11:33 EDT |
| Next Release | Oct 6 2023, 08:30 EDT |
| Long Term Average | 10.21% |
| Average Growth Rate | 2.13% |
| Value from Last Month | 7.10% |
| Change from Last Month | 1.41% |
| Value from 1 Year Ago | 7.00% |
| Change from 1 Year Ago | 2.86% |
| Frequency | Monthly |
| Unit | Percent of Labor Force Plus Marginally Attached |
| Adjustment | Not Seasonally Adjusted |
| Download Source File | Upgrade |
| Notes | U-6 Unemployment is all unemployed, marginally attached and part-time for economic reasons individuals as a percent of the civillian labor force plus all marginally attached workers. |
Historical Data
| Date | Value |
|---|---|
| August 31, 2023 | 7.20% |
| July 31, 2023 | 7.10% |
| June 30, 2023 | 7.20% |
| May 31, 2023 | 6.40% |
| April 30, 2023 | 6.10% |
| March 31, 2023 | 6.80% |
| February 28, 2023 | 7.30% |
| January 31, 2023 | 7.40% |
| December 31, 2022 | 6.40% |
| November 30, 2022 | 6.40% |
| October 31, 2022 | 6.30% |
| September 30, 2022 | 6.40% |
| August 31, 2022 | 7.00% |
| July 31, 2022 | 7.20% |
| June 30, 2022 | 7.00% |
| May 31, 2022 | 6.70% |
| April 30, 2022 | 6.60% |
| March 31, 2022 | 7.10% |
| February 28, 2022 | 7.60% |
| January 31, 2022 | 7.90% |
| December 31, 2021 | 7.20% |
| November 30, 2021 | 7.40% |
| October 31, 2021 | 7.70% |
| September 30, 2021 | 8.10% |
| August 31, 2021 | 8.90% |
| Date | Value |
|---|---|
| July 31, 2021 | 9.60% |
| June 30, 2021 | 10.10% |
| May 31, 2021 | 9.70% |
| April 30, 2021 | 9.90% |
| March 31, 2021 | 10.90% |
| February 28, 2021 | 11.60% |
| January 31, 2021 | 12.00% |
| December 31, 2020 | 11.60% |
| November 30, 2020 | 11.60% |
| October 31, 2020 | 11.60% |
| September 30, 2020 | 12.40% |
| August 31, 2020 | 14.30% |
| July 31, 2020 | 16.80% |
| June 30, 2020 | 18.30% |
| May 31, 2020 | 20.70% |
| April 30, 2020 | 22.40% |
| March 31, 2020 | 8.90% |
| February 29, 2020 | 7.40% |
| January 31, 2020 | 7.70% |
| December 31, 2019 | 6.70% |
| November 30, 2019 | 6.50% |
| October 31, 2019 | 6.50% |
| September 30, 2019 | 6.50% |
| August 31, 2019 | 7.30% |
| July 31, 2019 | 7.30% |
Basic Info
|
US U-6 Unemployment Rate is at 7.20%, compared to 7.10% last month and 7.00% last year. This is lower than the long term average of 10.21%. |
|
The US U-6 Unemployment Rate measures the total number of employees in the United States that are a part of the labor force, but are without a job. Unemployment rates can be a good gauge for how the economy is performing in a particular region. Historically, the US U-6 Unemployment Rate reached as high as 18% in 2010. The U-6 rate differs from the more commonly reported U-3 rate in that it also includes workers that are discouraged and underemployed. This might give a better idea on how to US economy is functioning, since it captures a larger labor force. |
| Report | Employment Situation |
| Categories | Employment , Hours and Wages |
| Region | United States |
| Source | Bureau of Labor Statistics |
Stats
| Last Value | 7.20% |
| Latest Period | Aug 2023 |
| Last Updated | Sep 1 2023, 11:33 EDT |
| Next Release | Oct 6 2023, 08:30 EDT |
| Long Term Average | 10.21% |
| Average Growth Rate | 2.13% |
| Value from Last Month | 7.10% |
| Change from Last Month | 1.41% |
| Value from 1 Year Ago | 7.00% |
| Change from 1 Year Ago | 2.86% |
| Frequency | Monthly |
| Unit | Percent of Labor Force Plus Marginally Attached |
| Adjustment | Not Seasonally Adjusted |
| Download Source File | Upgrade |
| Notes | U-6 Unemployment is all unemployed, marginally attached and part-time for economic reasons individuals as a percent of the civillian labor force plus all marginally attached workers. |
Related Indicators
| US Labor Markets |
| US Labor Force Participation Rate | 62.80% |
| US Nonfarm Payrolls MoM | 187.00K |
| US Real Average Hourly Earnings MoM | -0.45% |
| US Real Average Hourly Earnings YoY | 0.55% |
| US Unemployment Rate | 3.80% |