Challenges
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 2 June 2023 12:30
Lower numbers than forecast tend to be bullish for xxx/USD pairs and bearish for USD/xxx pairs.
Next event - Friday 7 July 2023 12:30
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 6.7% against a forecast of 6.6%.
Past events
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:
About U6 Underemployment Rate
| Country: | United States |
|---|---|
| Currency: | USD |
| Source: | US Bureau of Labor Statistics |
| Category: | Labor Market |
| Frequency: | Monthly |