While not the official like the unemployment rate, we do talk about the under-employment rate. This includes "persons employed part time for economic reasons" and "persons not in the labor force who currently want a job." (see paragraphs 8, 9 and 10 of the Employment Situation May, 2023: https://www.bls.gov/news.release/empsit.nr0.htm) Links to an external site. Why are these two groups of people important when assessing the health of the economy? in 5 sentences