Final answer:
College graduates without a job are considered to be part of the unemployed labor force, specifically categorized as new entrants actively seeking employment for the first time.
Step-by-step explanation:
All employees who do not fall under the executive, administrative, or professional category are considered non-exempt employees. When college students graduate and begin to look for a job, they are typically counted as part of the unemployed labor force, specifically as new entrants.
These individuals are those who are seeking employment for the first time, such as recent college graduates trying to enter into the workforce. The term unemployed refers to those who are without a job but actively seeking work. Therefore, recent graduates looking for a job would be included in unemployment statistics and would most likely be part of the unemployed category that could fall under new entrants into the labor market.