Objective 4

Question 1

U-3 Unemployment Rate (how to calculate)

Answer 1

The percentage of the labor force that are unemployed

Question 2

U-6 Unemployment Rate (how to calculate)

Answer 2

The percentage of the labor force that are unemployed, plus the discouraged worker, marginally attached worker, and persons who are part-time searching for full-time. The broadest measure of labor underutilization.