Education and underemployment in the age of machine intelligence

By Daniel Araya. Although the current unemployment rate now stands at just 5.0 percent, many economists concede that the real figure is much higher. In fact, according to the Bureau of Labor Statistics (BLS), the U-6 rate (total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons) measures underemployment at 10 percent. More...