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 December 2024 13:30

Previous
7.7%
Revised
-
Forecast
-
Actual
7.8%

Next event - Friday 3 January 2025 13:30

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 7.8%.

Past events

Date
Forecast
Actual
Friday 6 December 2024 13:30
-
7.8%
Friday 1 November 2024 12:30
-
7.7%
Friday 4 October 2024 12:30
-
7.7%
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%

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:

PreviousLatest
Michigan Consumer Sentiment IndexBullish change71.874
UoM 5-year Consumer Inflation ExpectationBearish change3.2%3.1%
Average Hourly Earnings (MoM)(no change)0.4%0.4%
Average Hourly Earnings (YoY)(no change)4%4%
Labor Force Participation RateBearish change62.6%62.5%
Nonfarm PayrollsBullish change36K227K
Unemployment RateBearish change4.1%4.2%
Initial Jobless ClaimsBearish change215K224K
Challenger Job CutsBullish change55.597K57.727K
Factory Orders (MoM)Bullish change-0.2%0.2%
ISM Services Employment IndexBearish change5351.5
ISM Services New Orders IndexBearish change57.453.7
ISM Services PMIBearish change5652.1
ISM Services Prices PaidBullish change58.158.2
S&P Global Composite PMIBearish change55.354.9
ADP Employment ChangeBearish change184K146K
JOLTS Job OpeningsBullish change7.372M7.744M
ISM Manufacturing Employment IndexBullish change44.448.1
ISM Manufacturing New Orders IndexBullish change47.150.4
ISM Manufacturing PMIBullish change46.548.4
ISM Manufacturing Prices PaidBearish change54.850.3
Core Personal Consumption Expenditures - Price Index (MoM)(no change)0.3%0.3%
Core Personal Consumption Expenditures - Price Index (YoY)Bullish change2.7%2.8%
Personal Consumption Expenditures - Price Index (MoM)(no change)0.2%0.2%
Personal Consumption Expenditures - Price Index (YoY)Bullish change2.1%2.3%
Personal Income (MoM)Bullish change0.3%0.6%
Personal SpendingBearish change0.6%0.4%
Pending Home Sales (MoM)Bearish change7.5%2%
Chicago Purchasing Managers' IndexBearish change41.640.2
Core Personal Consumption Expenditures (QoQ)Bearish change2.2%2.1%
Durable Goods OrdersBullish change-0.4%0.2%
Durable Goods Orders ex DefenseBullish change-0.9%0.4%
Durable Goods Orders ex TransportationBearish change0.4%0.1%
Gross Domestic Product Annualized(no change)2.8%2.8%
Gross Domestic Product Price IndexBullish change1.8%1.9%
Nondefense Capital Goods Orders ex AircraftBearish change0.3%-0.2%
Personal Consumption Expenditures Prices (QoQ)(no change)1.5%1.5%
Initial Jobless ClaimsBullish change215K213K
New Home Sales Change (MoM)Bearish change7%-17.3%
Housing Price Index (MoM)Bullish change0.4%0.7%

About U6 Underemployment Rate

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