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 6 September 2024 12:30

Previous
7.8%
Revised
-
Forecast
-
Actual
7.9%

Next event - Friday 4 October 2024 12:30

Previous
-
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
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%
Friday 8 October 2021 12:30
9%
8.5%

Economic context

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

PreviousLatest
Industrial Production (MoM)Bullish change-0.6%0.8%
Retail Sales (MoM)Bearish change1.1%0.1%
Retail Sales Control GroupBearish change0.4%0.3%
Retail Sales ex Autos (MoM)Bearish change0.4%0.1%
NY Empire State Manufacturing IndexBullish change-4.711.5
Michigan Consumer Sentiment IndexBullish change67.969
UoM 5-year Consumer Inflation ExpectationBullish change3%3.1%
Monthly Budget StatementBearish change$-244B$-380B
Initial Jobless ClaimsBearish change228K230K
Producer Price Index (MoM)Bullish change0%0.2%
Producer Price Index (YoY)Bearish change2.1%1.7%
Producer Price Index ex Food & Energy (MoM)Bullish change-0.2%0.3%
Producer Price Index ex Food & Energy (YoY)Bullish change2.3%2.4%
Consumer Price Index (MoM)(no change)0.2%0.2%
Consumer Price Index (YoY)Bearish change2.9%2.5%
Consumer Price Index ex Food & Energy (MoM)Bullish change0.2%0.3%
Consumer Price Index ex Food & Energy (YoY)(no change)3.2%3.2%
Average Hourly Earnings (MoM)Bullish change0.2%0.4%
Average Hourly Earnings (YoY)Bullish change3.6%3.8%
Labor Force Participation Rate(no change)62.7%62.7%
Nonfarm PayrollsBullish change89K142K
Unemployment RateBullish change4.3%4.2%
ISM Services Employment IndexBearish change51.150.2
ISM Services New Orders IndexBullish change52.453
ISM Services PMIBullish change51.451.5
ISM Services Prices PaidBullish change5757.3
S&P Global Composite PMIBullish change54.154.6
Initial Jobless ClaimsBullish change232K227K
Nonfarm ProductivityBullish change2.3%2.5%
Unit Labor CostsBearish change0.9%0.4%
ADP Employment ChangeBearish change111K99K
Challenger Job CutsBullish change25.885K75.891K
Factory Orders (MoM)Bullish change-3.3%5%
JOLTS Job OpeningsBearish change7.91M7.673M

About U6 Underemployment Rate

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