U.S. Economic Metrics

U-6 Unemployment Report

Updated: Apr 22, 2024 | Published: Apr 14, 2024
Verified Investing
By Verified Investing
U-6 Unemployment Report

The U-6 Unemployment report shows how many people are under-employed. Meaning they were cut from full-time to part-time or someone could only find a part-time job when they were looking for full-time work.

This is the most concerning data recently, as the U-6 has spiked north of 7%. Take note that prior to every recession, this has popped higher while the Unemployment Report (normal one the media talks about) has been low. In other words, this is a leading indicator for recessions.