In economic news:

In June 2019, both the unemployment rate, 3.7 percent, and the number of unemployed, 6.0 million people, were little changed from May. BLS publishes six “alternative measures of labor underutilization,” known as U-1 through U-6, every month. The unemployment rate, also called U-3, is the total number of unemployed people as a percentage of the labor force. U-1 and U-2 are more narrowly defined and always lower than the U-3 rate. U-4, U-5, and U-6 are more broadly defined and always higher. In June, U-1 was at 1.3 percent and includes people unemployed 15 weeks or longer, as a percent of the civilian labor force. U-2 was at 1.7 percent and includes job losers and people who completed temporary jobs, as a percent of the civilian labor force.

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