Too difficult to determine who you are quoting here--it appears somebody is responding to my post but it got really messed up in there.
Yeah, I mistyped on one of the quote tags.
But no, a full time college student would not necessarily be listed among the unemployed UNLESS he/she was one of many many college students who need part time jobs to help with their expenses in college. I worked at some kind of paying job continuously when I was in college as my kids as their scholarships and our helping out always fell short of their actual needs. But between all three income sources, we were able to keep their student loans at a manageable level that they were able to pay off fairly easily once they were out of college.
Need has nothing to do with it....work activity takes precedence, so if someone is looking for work, s/he is unemployed regardless of whether or not they're students or retired. An exception would be if a student is looking for a post-student job and is looking now for a job starting in May or June. S/he would not be considered unemployed because they're not available for work now.
Nor do we count as unemployed somebody like me who could still be running my business but chose instead to fully retire and enjoy something different.
Correct...a lot of those claiming "real unemployment rate" are including people who don't want/need a job.
But I know at least a dozen people personally right now who are adults and not yet ready to retire who are not working at permanent full time jobs and want to be. None are drawing unemployment so they don't count in the official unemployment rate.
Huh? The official unemployment rate is not based on unemployment insurance benefits. If you are looking for a job and are available to start now, then you are unemployed. Doesn't matter if you've ever had or applied for benefits or if you ever had a job.