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Unemployment Versus Underemployment: Assessing Labor Market Slack
Saturday, March 11, 2017 5:17
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from the Atlanta Fed
The U-3 unemployment rate has returned to prerecession levels and is close to estimates of its longer-run sustainable level. Yet other indicators of slack, such as the U-6 statistic, which includes people working part-time but wanting to work full-time (often referred to as part-time for economic reasons, or PTER), has not declined as quickly or by as much as the U-3 unemployment rate.
Source: http://econintersect.com/pages/contributors/contributor.php?post=201703110555
