What is U-6 please? (There’s so much I need to learn.)
There are different government calculations of unemployment...
Try a search for “unemployment U-6” It should explain it...I’m not sure what all the criteria are, but it is more than what Obama wants released...
Maybe this will help:
In contrast to the U-3 rate, the U-6 unemployment rate includes all of these cases. Consequently, the U-6 rate is much truer to a natural, non-technical understanding of what it means to be unemployed. By capturing discouraged workers, underemployed workers and other folks who exist on the margins of the labor market, the U-6 rate provides a broad picture of the underutilization of labor in the country. In this sense, the U-6 rate is the true unemployment rate.
Read more: The True Unemployment Rate: U6 Vs. U3