The U-6 unemployment number of 6.6%, instead of the U-3 number of 3.4%, may be a better number to look at since it essentially includes people who want to be working.
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Originally Posted by Nordhagen
The unemployment rate may be 3.4%, usually a fake number, but you need to look at the workforce participation rate which is around 63%. In other words, people who could and should be working aren’t. Not sure how they are paying for gas and food that has gone up in the last couple of years! Until that is addressed nothing will change.
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