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That’s just not true. Most of the six unemployment numbers capture unemployed graduates but m3 the headline number certainly does.
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How is this information collected? When I was looking for work after grad school I didn't report to anyone as such. The school had no idea whether or not I was actively looking. I was denied unemployment. I'm not sure what my info might have looked like on the IRS end if that is what is being abrogated.
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https://www.bls.gov/news.release/empsit.faq.htm

It also specifically says unemployment figures isn't solely from state unemployment insurance figures.

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