Monday, October 15, 2012

SO WHAT IS THE UNEMPLOYMENT RATE AGAIN?


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 whom?

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 rolls, 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 there are 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 I just said!

ABBOTT: Now you're thinking like a politician.

11 comments:

Xavier Onassis said...

You know, this brings up an interesting question.

How does someone who is out of work just "quit looking for work" and drop off of the unemployment numbers.

If I'm out of work and I decide do "give up", is there a form I fill out to let my landlord know that I've given up looking for work but they just let me keep on living here?

Can I go to the utility company and let them know that I'm unemployed and have quit looking for work and they will keep my electricity and internet turned on so I can reply to online surveys and say "Yeah, I've been unemployed for a long time so I'm just not going to look for work anymore. Forever. Permanently unemployed! Take me off your list!"

That is RIDICULOUS! I challenge any of you chuckle-heads to find me a real, live, human being who is unemployed and has made a conscious decision to say "Yeah, finding a job in this economy is really hard so I'm just not going to try anymore. I'm OK with being unemployed forever."

Lone Ranger said...

The form you fill out is an application for unemployment payments, food stamps, etc. Why would any lazy parasite want to look for work, when Obama is paying him to stay home and watch his shows on TV?

Xavier Onassis said...

Tonto's Catcher - So anyone who is unemployed is a lazy parasite? Seriously?

Joe said...

XO: We know how many people are elligible for work, we know how many are working and we know how many have filed unemployment.

But you already knew that, you just can't face the numbers.

And nobody said ALL unemployed are lazy (that is not what LR said).

LR: The lazy ones can be seen gathering around Winn Dixie, Save-A-Lot, the Family Dollar Store and other parking lots, trying unsuccessfully to figure out how to count their food stamp balance.

Darth Bacon said...

It's in the hands of the Liar in Chief so it is what it is.

Ducky's here said...

Why do I get the impression that the right thinks Obama changed the meaning of the unemployment number?
It's as if this is new to the dears.

Ducky's here said...

@LR - Why would any lazy parasite want to look for work, when Obama is paying him to stay home and watch his shows on TV?
--------

That's not what he said, Joe?

Well let's hear your spin.

Joe said...

Ducky: What LR said was,"Why would any lazy parasite want to look for work...?"

Since liberals can't read, I will tell you what it says and what it does not say.

It says, "Why would any lazy parasite ..." Lazy parasites don't look for work, because they would rather get "what they deserve" for free (that is, from you and me).

It does not say anyone who is not working IS a lazy parasite.

Xavier Onassis said...

Joe - WOW! That is the most convoluted twisted piece of pseudo-logic I've ever seen on this site.

A truly Herculean grasping for straws.

Joe said...

xo: "So anyone who is unemployed is a lazy parasite?"

That is an illogical conclusion from what LR said.

But logic escapes liberals.

Ducky's here said...

Maybe Tonto's Catcher would check in with the definitive explanation.