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.
The typical/expected impact on USD pairs is medium.
There is no forecast value for U6 Underemployment Rate yet - check back for updates.
Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next U6 Underemployment Rate result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Michigan Consumer Expectations Index | Bearish change | 50.3 | 49 | ||
| Michigan Consumer Sentiment Index | Bearish change | 53.6 | 50.3 | ||
| UoM 1-year Consumer Inflation Expectations | Bullish change | 4.6% | 4.7% | ||
| UoM 5-year Consumer Inflation Expectation | Bearish change | 3.9% | 3.6% | ||
| Challenger Job Cuts | Bullish change | 54.064K | 153.074K | ||
| ISM Services Employment Index | Bullish change | 47.2 | 48.2 | ||
| ISM Services New Orders Index | Bullish change | 50.4 | 56.2 | ||
| ISM Services PMI | Bullish change | 50 | 52.4 | ||
| ISM Services Prices Paid | Bullish change | 69.4 | 70 | ||
| ADP Employment Change | Bullish change | -29K | 42K | ||
| ISM Manufacturing Employment Index | Bullish change | 45.3 | 46 | ||
| ISM Manufacturing New Orders Index | Bullish change | 48.9 | 49.4 | ||
| ISM Manufacturing PMI | Bearish change | 49.1 | 48.7 | ||
| ISM Manufacturing Prices Paid | Bearish change | 61.9 | 58 | ||
| Chicago PMI | Bullish change | 40.6 | 43.8 | ||
| Fed Interest Rate Decision | Bearish change | 4.25% | 4% | ||
| Pending Home Sales (MoM) | Bearish change | 4.2% | 0% | ||
| Housing Price Index (MoM) | Bullish change | 0% | 0.4% |
| Country: | United States |
|---|---|
| Currency: | USD |
| Source: | US Bureau of Labor Statistics |
| Category: | Labor Market |
| Frequency: | Monthly |