An article in the Wall Street Journal contained the following observation: “Every month, millions of workers leave the job market because of retirement, to care for children or aging parents, to...

An article in the Wall Street Journal contained the following observation: “Every month, millions of workers leave the job market because of retirement, to care for children or aging parents, to pursue more education, or out of discouragement. Millions of others jump in after graduating.” a. Are the millions of workers leaving the job market for the reasons given counted as unemployed in the BLS data? Briefly explain. b. Will the BLS count people entering the job market after graduating from high school or college as part of the labor force even if they don’t find a job right away? Briefly explain.

May 18, 2022
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