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Member
Abbot and costello on unemployment
COSTELLO:
I want to talk about the unemployment rate in America .
ABBOTT:
Good Subject. Terrible Times. It's 5.6%.
COSTELLO:
That many people are out of work?
ABBOTT: No, that's 23%.
COSTELLO:
You just said 5.6%.
ABBOTT:
5.6% Unemployed.
COSTELLO:
Right 5.6% out of work.
ABBOTT:
No, that's 23%.
COSTELLO:
Okay, so it's 23% unemployed.
ABBOTT:
No, that's 5.6%.
COSTELLO:
WAIT A MINUTE. Is it 5.6% or 23%?
ABBOTT:
5.6% are unemployed. 23% are out of work.
COSTELLO:
If you are out of work you are unemployed.
ABBOTT:
No, Obama said 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 his 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 ALL of them are out of work.
ABBOTT:
No, the unemployed are actively looking for work.
Those who are out of work gave up looking 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 it gets to 5.6%. Otherwise it would be 23%.
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 have people stop looking for work.
ABBOTT:
Now you're thinking like a Democrat.
COSTELLO:
I don't even know what the heck I just said!
ABBOTT:
Now you're thinking like Hillary.
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The Following 4 Users Say Thank You to geemajudy For This Useful Post:
FunFromOz (08-10-2016), krystian (08-07-2016), papabrett (08-08-2016), Quest (08-09-2016)
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flower planter
Originally Posted by
geemajudy
ABBOTT:
Now you're thinking like a Democrat.
COSTELLO:
I don't even know what the heck I just said!
I don't know...third base!
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Resident Chocolate Monster
It makes sense if you're retired, and not looking for work.
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Senior Member
Originally Posted by
Lista
It makes sense if you're retired, and not looking for work.
Absolutely, and the wonderful thing about America is, you can retire in 20's and 30's without ever having worked at all.
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The Following User Says Thank You to papabrett For This Useful Post:
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* Toxic Troll - Negative Nancy
Originally Posted by
krystian
I don't know...third base!
Yeah, that should be AFTER one gets married
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