Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
No, no.

Employed students are counted as employed, and therefore part of the workforce.

Unemployed students are counted as students, and thus not in the workforce.

Underemployed students are counted as employed (and thus in the work force) for the fraction of their time they are employed and students (and therefore not in the workforce) for the fraction of their time they are not employed.

The net result is to synthetically lower the reported unemployment rate for 16-25 yr-olds, in the same way various retirement programmes synthetically lower the rate for 50+ yr-olds (you are less likely to go into retirement if you have job prospects, so some early retirees would have not retired if there had been jobs available).

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue May 24th, 2011 at 06:08:33 AM EST
[ Parent ]

Others have rated this comment as follows:


Occasional Series