U6 Underemployment Rate

Date Time Left   Event Impact Previous Consensus Actual
Jul 02, 12:30  U6 Underemployment Rate 21.2% 18.0%

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.

Live Economic Forex Calendar >>
EURUSD 1.1288 GBPUSD 1.25451
USDJPY 107.479 USDCAD 1.35968







Twitter |  Facebook |  Site Map  |  Terms  |   Privacy Policy
©2020 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.