zifnab25 [he/him, any]

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Joined 4 years ago
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Cake day: July 27th, 2020

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  • Fu Linghui, a spokesman for the National Bureau of Statistics (NBS), said the release of data would be suspended while authorities look to “optimise” collection methods.

    “In recent years, the number of university students has continued to expand,” Fu said. “The main responsibility of current students is studying. Society has different views on whether students looking for jobs before graduation should be included in labour force surveys and statistics.”

    This issue, as well as the definition of the age range currently set at 16-24, “needs further research,” Fu said.

    Isn’t this basically consistent with the… I want to say U6 unemployment metric within the US? Basically, if you’re in school then you aren’t an active member of the labor force and don’t count as “unemployed” for the purpose of government statistics?

    I remember back during the '07/'08 US downturn, lots of young people re-entered academia in pursuit of MBAs / Law Degrees / etc, because the job market sucked and pay in professional fields was worth the time/cost of a higher caliber of degree. When they fell out of the labor market as a result, the US unemployment rate adjusted in response.