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But the method of counting full time students as unemployed seems very illogical to me.
Full-time students are counted as inactive (i.e., outside the labour market), not as unemployed. The unemployment rate is usually taken as a fraction of the active (having/seeking employment) population, not of the total population. The problem with youth labour statistics is that between, say, age 14 and age 30, a substantial fraction of the population is in education.

Check out the very nice chart put together by Alexandra here.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman

by Carrie (migeru at eurotrib dot com) on Mon Mar 20th, 2006 at 04:37:03 AM EST
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