https://www.bls.gov/news.release/empsit.t15.htm
U6 is: Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force
The national U6 right now is 9.2 (unadjusted).
A nation's unemployment rate should be a reflection of the economy's ability to employ it's populace. Not how many people actively have jobs.
(Employed / seeking employment) is the U3 employment rate - it's a perfectly legitimate statistic for understanding how the job search is going. When economists want to count the temporarily discouaged, they use U4. And when they want to count those not working for other reasons, they use U5. It's annoying that we treat U3 as "the unemployment rate" for political discourse, but it's a perfectly reasonable metric for economic analysis, and I wish people would stop pretending it's some kind of trick.
The labor force participation rate describes how many people of working age are trying to work. 'NEET' stats remove from that number education or vocational training students.
And economists use multiple definitions of unemployment accounting for many different things. U3 is commonly cited, but misleading for this purpose. U4 captures people who want to work but assume it isn't available, U5 captures other unattached workers, and U6 even adds part time workers seeking full time work.
I’ll tell you why – because it’s not true.