Charts: What's the real unemployment rate?

July 8, 2016 12:52 PM

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Charts: What's the real unemployment rate?

Each month on jobs Friday, the Labor Department's Bureau of Labor Statistics puts out a slew of employment-related data, each of which tells its own story about the U.S. employment situation. Most economists look past the official unemployment rate — also know as the "U-3" number — to other metrics that provide more nuanced views of the state of jobs.

The U-3 rate is defined as the "total unemployed, as a percent of the civilian labor force," but doesn't include a number of employment situations. A broader figure is the U-6 rate, which many economists rely on as a more accurate portrayal of employment in the country.

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