What are the differences between the U3 and U6 unemployment rates?

Go to the Bureau of Labor Statistics (http://bls.gov) and find the current:

  1. a) labor force participation rate
  2. b) the U3 (Headline) unemployment rate, and,
  3. c) the U6 unemployment rate;

\What are the differences between the U3 and U6

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unemployment rates? Note not only the unemployment rate percentages, but also who is counted in each of the two measures.

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