The Labor Department said Friday that the unemployment rate fell to 5.1 percent in August—but does that tell the real story?
Many economists look beyond the "main" unemployment rate to other figures that can give a more textured view of the economy. On jobs day, the Bureau of Labor Statistics puts out a slew of data that show various aspects of the nation's employment situation.
One of those pieces of data is the U-6 rate. The BLS defines U-6 as "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 marginally attached workers.