What are the differences between the U3 and U6 unemployment rates?

What are the differences between the U3 and U6 unemployment rates?

Assignment Summary:

1) Watch the above video and videos 1 and 2 under the Week 3 YouTube video link;

2) Go to the Bureau of Labor Statistics (http://bls.gov) and find the current:

1. a) labor force participation rate
2. b) the U3 (Headline) unemployment rate, and,
3. c) the U6 unemployment rate;

3) What are the differences between the U3 and U6 unemployment rates? Note not only the unemployment rate percentages, but also who is counted in each of the two measures.

Assignment-Summary

Answer preview to what are the differences between the U3 and U6 unemployment rates?

598 words

Get instant access to the full solution from yourhomeworksolutions by clicking the purchase button below