Donald Trump’s senior economic adviser, David Malpass, likes to use the broader measure of unemployment U6 when talking about the nation’s jobless rate. But most economists believe U3 is a more accurate reflection of unemployment. It’s been the accepted measure since the 1930s.
Browsing Tags's Archives »»
2016
7
Oct
2010
5
Mar
The U.S. economy shed 36,000 jobs in February, and the unemployment rate was steady at 9.7%, despite stormy weather on the East Coast last month, which the government said may have temporarily hit payrolls and work hours.
2010
5
Feb
The U.S. unemployment rate unexpectedly declined to 9.7% in January, but the economy shed 22,000 jobs and revisions painted a bleaker picture for 2009, casting doubt over the labor market’s strength.