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Pastimes : Laughter is the Best Medicine - Tell us a joke
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To: ManyMoose who wrote (46005)1/25/2012 10:01:35 AM
From: Mad213 Recommendations  Read Replies (2) of 62578
 
Unemployment and out of work

> 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!
>
>
> And now you know why Obama's unemployment figures are improving!
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