Unemployment per Abbott and Costello

This is a discussion on Unemployment per Abbott and Costello within the Off Topic & Humor Discussion forums, part of the The Back Porch category; COSTELLO: I want to talk about the unemployment rate in America. ABBOTT: Good Subject. Terrible Times. It's 9%. COSTELLO: That many people are out of ...

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Thread: Unemployment per Abbott and Costello

  1. #1
    Senior Member Array bps3040's Avatar
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    Smile Unemployment per Abbott and Costello

    COSTELLO: I want to talk about the unemployment rate in America.
    ABBOTT: Good Subject. Terrible Times. It's 9%.

    COSTELLO: That many people are out of work?

    ... ABBOTT: No, that's 16%.

    COSTELLO: You just said 9%.

    ABBOTT: 9% Unemployed.

    COSTELLO: Right 9% out of work.

    ABBOTT: No, that's 16%.

    COSTELLO: Okay, so it's 16% unemployed.

    ABBOTT: No, that's 9%...

    COSTELLO: WAIT A MINUTE. Is it 9% or 16%?

    ABBOTT: 9% are unemployed. 16% are out of work.

    COSTELLO: IF you are out of work you are unemployed.

    ABBOTT: No, you can't count the "Out of Work" as the
    unemployed. You have to look for work to be unemployed.

    COSTELLO: BUT THEY ARE OUT OF WORK!!!

    ABBOTT: No, you miss my point.

    COSTELLO: What point?

    ABBOTT: Someone who doesn't look for work, can't be counted with those
    who look for work. It wouldn't be fair.

    COSTELLO: To who?

    ABBOTT: The unemployed.

    COSTELLO: But they are ALL out of work.

    ABBOTT: No, the unemployed are actively looking for work... Those who
    are out of work stopped looking. They gave up. And, if you give up,
    you are no longer in the ranks of the unemployed.

    COSTELLO: So if you're off the unemployment roles, that would count as
    less unemployment?

    ABBOTT: Unemployment would go down. Absolutely!

    COSTELLO: The unemployment just goes down because you don't look for
    work?

    ABBOTT: Absolutely it goes down. That's how you get to 9%. Otherwise
    it would be 16%. You don't want to read about 16% unemployment do ya?

    COSTELLO: That would be frightening.

    ABBOTT: Absolutely.

    COSTELLO: Wait, I got a question for you. That means they're two ways
    to bring down the unemployment number?

    ABBOTT: Two ways is correct.

    COSTELLO: Unemployment can go down if someone gets a job?

    ABBOTT: Correct.

    COSTELLO: And unemployment can also go down if you stop looking for a
    job?

    ABBOTT: Bingo.

    COSTELLO: So there are two ways to bring unemployment down, and the
    easier of the two is to just stop looking for work.

    ABBOTT: Now you're thinking like an economist.

    COSTELLO: I don't even know what the hell I just said!

    Now you know why unemployment figures are improving, and you should
    be able to understand the State of the Union.
    Socialism: A great Idea...'til you run out of other people's money. Margaret Thatcher

    "A man without a gun is a subject, a man with a gun is a citizen."
    ~Ted Nugent

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  3. #2
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    That is the way the government looks at it.
    When you have to shoot, shoot. Don't talk.
    "Don't forget, incoming fire has the right of way."

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    lamo

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    Whatever, the measurements are indeed what they are. We will see what the Employment Report shows. Probably a big increase.

    And don't forget that some of the "uncounted" because they aren't appearing to be unemployed, work off the books.
    Or work part time at something, and off the books at something else. IRS estimates it loses something like 300 billion a year in
    uncollected taxes. That, if fixed somehow, would go quite a way to bringing the deficit down to a reasonable figure.

    Don't misunderstand me, I don't think anything is peachy economically. I just don't think the above joke is either funny or an accurate portrayal of
    where our economy is. S&P Index hit the 1350s last day or so. It hasn't been there in several years and is a leading indicator.

    OTOH, I know someone who works in a company which appears to be sensitive to economic shifts. They are laying people off and consolidating.

    My crystal ball is no less full of cataracts as the next fellows.
    If the Union is once severed, the line of separation will grow wider and wider, and the controversies which are now debated and settled in the halls of legislation will then be tried in fields of battle and determined by the sword.
    Andrew Jackson

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    LMAO and gonna steal this one. Humorously put to explain how the gov't counts unemployment. Any question why unemployment went down when they extended unemployment benefits? Now there's an oxymoron.
    It's the Land of Opportunity, not the Land of Entitlements - Vote America!!!

    "When governments fear the people there is liberty. When the people fear the government there is tyranny." Thomas Jefferson

    You are only paranoid until you are right - then you are a visionary.

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    Ex Member Array 1hogfan83's Avatar
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    Someone should send this to Rachel Maddow.

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    Quote Originally Posted by 1hogfan83 View Post
    Someone should send this to Rachel Maddow.
    Why?
    It's the Land of Opportunity, not the Land of Entitlements - Vote America!!!

    "When governments fear the people there is liberty. When the people fear the government there is tyranny." Thomas Jefferson

    You are only paranoid until you are right - then you are a visionary.

  9. #8
    Ex Member Array 1hogfan83's Avatar
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    Beeeeecause she brags about the presidents economics every time the unemployment drops .003% I guess you dont ever watch her, I watch her to take out my rage and yell at the T.V. My wife hates it.

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    I know who she is and her political leanings. She would just bury the above skit because it would show O in a bad light - hence, why bother sending it to her.
    It's the Land of Opportunity, not the Land of Entitlements - Vote America!!!

    "When governments fear the people there is liberty. When the people fear the government there is tyranny." Thomas Jefferson

    You are only paranoid until you are right - then you are a visionary.

  11. #10
    Distinguished Member Array claude clay's Avatar
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    ...and housing starts are up 50% in my area from 2 years ago

    when you go from 2 to 3....
    but we the politicians do not speak aloud about the 15 year average before 2008;
    which was 47 per year.

    remeber what M. Twain had to say about statistics...
    Be aware, be deliberate in your actions and be accurate.
    -------------------
    Why do those elected to positions of power than work so hard
    to deny those same opportunities to the same people who empowered them

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    Member Array bolocanolo's Avatar
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    It doesn't matter how they count the unemployed, the CLOWN IN CHIEF needs the rate to be below 8% to get re-elected. I'm sure they'll get it there by July.

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    Ex Member Array 1hogfan83's Avatar
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    talking A LITTLE BIT OF TOPIC. I was watching Hannity early in the election caucuss'(sp) and they were talking all about polling and who was leading and all that stuff. All the sudden he (Hannity) stopped and asked several other people on his great american panel if they had ever been polled. They all laughed and said no. It does make one think, where do they come up with these polling numbers?

  14. #13
    Senior Member Array CowboyColby's Avatar
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    Spot on!!!

  15. #14
    Distinguished Member Array claude clay's Avatar
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    if you answered any survey in the past your name gets on others... and your
    name is traded/sold to all sorts of agencies. some have-to-mail-in warranty
    cards have a small box that has to be checked if you do not want to be contacted.

    so, it often goes unnoticed and people who do not pay attention get to have their
    opinions heard.
    Be aware, be deliberate in your actions and be accurate.
    -------------------
    Why do those elected to positions of power than work so hard
    to deny those same opportunities to the same people who empowered them

  16. #15
    VIP Member Array 40Bob's Avatar
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    Bad times are on the horizon to be sure. Abbot and Costello are one on my favorite comedic acts.

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