New data U-6 Unemployment Rate
1/10/2025
actual 7.5, previous 7.7
On January 10, 2025, at 13:30 GMT, the U-6 Unemployment Rate for the United States was released. The U-6 Unemployment Rate includes not only the unemployed individuals actively seeking work but also those who are marginally attached to the labor force and those working part-time for economic reasons.The actual U-6 Unemployment Rate for this period was 7.5%, which was lower than the market consensus estimate of 7.9%. This indicates an improvement in the overall labor market conditions as fewer people are underemployed or marginally attached to the workforce.
The previous U-6 Unemployment Rate was 7.7%, so there was a decrease of 0.2 percentage points in the current period. This change represents a 2.597% decrease from the previous rate.
This event had a high impact on the USD currency as it provides insights into the broader labor market beyond just the headline unemployment rate. A lower U-6 Unemployment Rate is generally seen as positive for the economy and can lead to increased consumer confidence and spending.
This is not investment advice. Remember to verify the information provided here.
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