I thought that was only the M3 numbers (which are broadcasted as official) while the M6 numbers show the entire unemployment picture?
Of course, I doubt both show underemployment.
Of course, I doubt both show underemployment.
Came across an interesting article[0] about how they are measuring these along with some historical data. It touches on underemployment as well, indicating that the underemployed are included in the U6 numbers.
The articles most recent(2015-06) monthly U3 rate of 5.3% is about half of the U6 rate of 10.5% for the same period.
[0] http://econbrowser.com/archives/2015/07/measuring-unemployme...