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| 12/29/2015 3:03:57 PM |
Unemployment defined |
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shakey216
Lecanto, FL
63, joined Mar. 2010
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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, Congress 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 an Economist.
COSTELLO: I don’t even know what the hell I just said!
ABBOTT: Now you’re thinking like a Politician.
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| 12/29/2015 3:26:00 PM |
Unemployment defined |
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cupocheer
Assumption, IL
67, joined May. 2010
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Who's on second? 
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| 12/29/2015 3:33:24 PM |
Unemployment defined |
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nick269
Akron, OH
55, joined Jun. 2011
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Sad and true! 
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| 12/29/2015 5:41:29 PM |
Unemployment defined |
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packersbabe920
Green Bay, WI
51, joined Jul. 2013
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| 12/29/2015 10:20:18 PM |
Unemployment defined |
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pahoalookout
Dearborn, MI
75, joined Nov. 2007
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Who's on second?
No, Who's on first. What's on second.
Third base.
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| 1/4/2016 9:57:25 AM |
Unemployment defined |
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theindytechguy
Indianapolis, IN
56, joined Dec. 2013
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No, Who's on first. What's on second.
Third base.
I don't know's on third. Who? Third base. What? Now What's on second. Who? No, Who's on first. Why? No Why is the coach.
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| 1/4/2016 10:01:06 AM |
Unemployment defined |
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cupocheer
Assumption, IL
67, joined May. 2010
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Where's the coach?
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| 1/4/2016 2:45:14 PM |
Unemployment defined |
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xall_night
Starke, FL
75, joined Mar. 2009
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No, Who's on first. What's on second.
Third base.
No whats on third,whos on second!  we got em so dayumn confuzzelated!!  
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| 1/4/2016 3:20:36 PM |
Unemployment defined |
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ludlowlowell
Panama City, FL
63, joined Feb. 2008
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Who is looking for work and What is unemployed? I don't know.
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| 1/5/2016 2:49:04 PM |
Unemployment defined |
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neal356
Oxford, AL
57, joined May. 2014
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Damn
It actually makes sense...
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| 1/5/2016 4:39:48 PM |
Unemployment defined |
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up2youandme
Chandler, AZ
41, joined Jan. 2014
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| 3/22/2016 2:14:17 PM |
Unemployment defined |
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youtubejunkie
Medford, OR
59, joined Dec. 2013
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Oh how they manipulate the stats.
When your time runs out of unemployment the stats go down.
When you are self employed and out of work, you are not part of the stats.
23 percent is probably low today. Soon the politicians will come up with a plan
for zero unemployment. We will all be on welfare. lol
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| 3/22/2016 2:49:07 PM |
Unemployment defined |
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ludlowlowell
Panama City, FL
63, joined Feb. 2008
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What's the difference between a recession and a depression? It's a recession if your neighbor is unemployed, and it's a depression when YOU are unemployed.
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| 3/22/2016 4:57:58 PM |
Unemployment defined |
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xall_night
Starke, FL
75, joined Mar. 2009
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(cheer who's on second,whats on first!
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