They headline U3 because it's best at answering the question "who is looking for work but can't find it", but of course they use U6. It's literally one of the main metrics in the monthly unemployment report by the Buerau of Labor Statistics. The BLS created the U-# system, and was in fact the first to report a separate U6 metric.
Eurostat, the Internation Labor Organization, OECD--what incentive do all these organizations have to globally misrepresent unemployment? Of course they measure and consider U6, but they choose to headline U3 instead not because it's prettier and they want to serve national propaganda interests, but because it's just more useful.
Eurostat, the Internation Labor Organization, OECD--what incentive do all these organizations have to globally misrepresent unemployment? Of course they measure and consider U6, but they choose to headline U3 instead not because it's prettier and they want to serve national propaganda interests, but because it's just more useful.
C'mon man. I have to give up on this thread.