The U6 is a broader measure of employment that includes those unemployed and not actively looking for a job as well as those who are working part-time but would like full-time hours.
"Normally economists prefer to look at the prime age employment population ratio because we have an aging population. It's a way of controlling for that demographic," she said. Later in the month, those orders to stay at home and practice social distancing were ramped up across many states, meaning that the March report is "an ominous signal of what is to come," Song said.
March was brutal? Still long way to go when compared to 2008.
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Source: BusinessInsider - 🏆 729. / 51 Read more »
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