And just exactly where does one find the high school and college June graduate numbers looking for work?
Last I heard they don’t exist on unemployment rolls as they’ve “never had jobs”.
Can you tell me different?
A BLS (Bureau of Lies and Statistics) citation would be most helpful.
Thanks in advance
And just exactly where does one find the high school and college June graduate numbers looking for work?
Last I heard they don’t exist on unemployment rolls as they’ve “never had jobs”.
Can you tell me different?
A BLS (Bureau of Lies and Statistics) citation would be most helpful.
Thanks in advance
First - A little background info on unemployment rate and jobs created.
[my additions to BLS quotes are in square brackets]
In theory a high school or college graduate would be counted as unemployed in the Household Survey (which is also called the Current Population Survey} if they have looked for a job in the last four weeks. I have included several links.
"Persons are classified as unemployed if they do not have a job, have actively looked for work in the prior 4 weeks, and are currently available for work. Persons who were not working and were waiting to be recalled to a job from which they had been temporarily laid off are also included as unemployed.
Receiving benefits from the Unemployment Insurance (UI) program has no bearing on whether a person is classified as unemployed."
"The [civilian] labor force is the sum of employed and unemployed persons."
"Persons who are neither employed nor unemployed are not in the labor force. This category includes retired persons, students, those taking care of children or other family members, and others who are neither working nor seeking work. Information is collected on their desire for and availability for work, job search activity in the prior year, and reasons for not currently searching."
How is the population updated with those new graduates? It looks like projections are made based upon the 200 census plus other data. This is the only info I have found:
"The independent population controls are prepared by
projecting forward the resident population as enumerated on April 1, 2000. The projections are derived by updating demographic census data with information from a variety of other data sources that account for births, deaths, and net migration. Subtracting estimated numbers of resident Armed Forces personnel and institutionalized persons reduces the resident population to the civilian noninstitutional population."
More information on how the Household survey is conducted.
How well those new graduates looking for a job are reflected in the BLS stats depends upon how well the Household Survey participants reflect the population as a whole and the accuracy of the statistical tools used to project those results on the population as a whole.
Hopefully this has been helpful.