A Tale of Two Lines
Depending on which line you are in, it is the best of times, or the worst of times…
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About That Unemployment Rate…
The unemployment rate they talk about in the press is the U-3 rate. The unemployment rate that the people in the country are really feeling is called the U-6 rate. The U-6 rate includes the unemployed, the marginally attached, and persons who are actually employed but who work fewer hours than they would like.