Unemployment report explained - Remember who is on first?
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Unemployment report explained - Remember who is on first?

  1. #1
    Senior Member jayteetrotter's Avatar
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    Default Unemployment report explained - Remember who is on first?

    You do remember Who Is On First ?

    So how can over 873,000 people come off the unemployment line when there were only a little over 114,000 jobs created?

    Luckily I found a transcript of a conversation between two eminent economists discussing this very question!

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    Here we go, the recent unemployment report explained --

    COSTELLO: I want to talk about the unemployment rate in America .

    ABBOTT: Good Subject. Terrible Times. It's 7.8%.

    COSTELLO: That many people are out of work?

    ABBOTT: No, that's 14.7%.

    COSTELLO: You just said 7.8%.

    ABBOTT: 7.8% Unemployed.

    COSTELLO: Right 7.8% out of work.

    ABBOTT: No, that's 14.7%.

    COSTELLO: Okay, so it's 14.7% unemployed.

    ABBOTT: No, that's 7.8%.

    COSTELLO: WAIT A MINUTE. Is it 7.8% or 14.7%?

    ABBOTT: 7.8% are unemployed. 14.7% 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 the current administration gets it to 7.8%. Otherwise it would be 14.7%. Our govt. Doesn't want you to read about 14.7% unemployment.

    COSTELLO: That would be tough on those running for reelection.
    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 have administration supporters stop looking for work.

    ABBOTT: Now you're thinking like the Economy Czar.

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

    ABBOTT: Now you're thinking like Obama.
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    Bah... HST4ME's Avatar
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    Just look at me numbers.. historically March/April is the start of seasonal employee call backs which usually has politicians running around patting each other on the backs. This administration can tell me the sun is going to come up tomorrow, I still don't believe them.

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    gn7
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    Quote Originally Posted by HST4ME View Post
    Just look at me numbers.. historically March/April is the start of seasonal employee call backs which usually has politicians running around patting each other on the backs. This administration can tell me the sun is going to come up tomorrow, I still don't believe them.
    Worse yet, Obama tells the flock that the adminstration, mainly him, made the sun come up, and the dumbflockers believe him.



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    Senior Member jayteetrotter's Avatar
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    Quote Originally Posted by gn7 View Post
    Worse yet, Obama tells the flock that the adminstration, mainly him, made the sun come up, and the dumbflockers believe him.


    The sad part is that the media loves O so much no one really calls him out on the crap he dishes since it is like political suicide. Congress for the most part are spineless worms.

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    It's puzzling how it's dropped below 8% yet we now have more unemployed workers in America than at any time in our nation's history. More workers lost their jobs than new jobs were created this past period yet the statistics say unemployment dropped. Soon they will just ignore the facts altogether and report that America has no debt, no unemployed and the Kenyan is now king.
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    gn7
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    Quote Originally Posted by jayteetrotter View Post


    The sad part is that the media loves O so much no one really calls him out on the crap he dishes since it is like political suicide. Congress for the most part are spineless worms.
    99.9% of the time I use the word "adminstration", it includes the 75-80% of the POS in congress and Supreme Court that suck that commie's dick. The asswipes on the WH staff are a given dedicated knee pad wearers.



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