The U.S. unemployment rate rose to 4.9 percent in June, the Labor Department said Friday. But does that tell the whole story?
Each month on jobs Friday, the Labor Department's Bureau of Labor Statistics puts out a slew of employment-related data, each of which tells its own story about the U.S. employment situation. Most economists look past the official unemployment rate — also know as the "U-3" number — to other metrics that provide more nuanced views of the state of jobs.
The U-3 rate is defined as the "total unemployed, as a percent of the civilian labor force," but doesn't include a number of employment situations. A broader figure is the U-6 rate, which many economists rely on as a more accurate portrayal of employment in the country.
The U-6 rate dropped one-tenth of a point to 9.6 percent in June.