That makes the decline seem a little less troubling. At least those not able to find work in the labour market are actively investing in human capital. But this also suggests that young people are developing far less work experience in early adulthood than did previous generations—a factor which could make it more difficult for them to find work when they finally leave school, and which may influence things like levels of student indebtedness in the meantime.
via The young and the jobless | The Economist. I would also say based on personal experience and stories, that more people are going through graduate school when they can’t find a job, and a lot of fellow college students are unemployed.