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That quote is not in the context of U-6. From the preceding paragraph:

> ... we do the monthly unemployment rate. It is a crucial piece of data, but the headline one does not account for ...

FRED explains:

> U-3 is the traditionally reported unemployment rate ...

https://fredblog.stlouisfed.org/2015/05/the-many-flavors-of-...

Correct but theyre saying the headlines are wrong because the statistic that they use is not accounting for people that are reluctantly part time, but they're not mentioning that there is a statistic that does track that and that statistic also reports that unemployment is low.

It is a lie by omission.

This interview was about how the data and our feelings about the economy don't match. The crux of their argument is that we're looking at the wrong data and the right data shows the true state of the economy, but the true data exists and doesn't align with our feelings either.

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