Unemployment Rate Explained

Many people have sent me this riff on Aboot And Costello’s Who’s on First routine. The unemployment numbers are off a tad, buy you get the idea.

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 ALL 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 hell I just said!
ABBOTT: Now you’re thinking like Hillary. (Can’t we add ALL Dim-O’s and Obama to this?)

Yep! The gummint has been feeding us false numbers for the last 7.5 years. BTW, they do it during Republican administrations as well. We are in a jobs recession and have been since before Obungler took office. He hasn’t improved things. This has been the weakest recovery from a recession since before 1949. Obongo will be the first president without one single year of GDP growth of 3% or higher. First quarter GDP growth this year was .8% and second quarter GDP growth was 1.2% and it will prolly be revised downward as well. I’ll be willing to bet that the Commerce Department has fudged GDP numbers too. I don’t trust any statistics that comes from this gummint. We could have been in a recession for the last 7.5 years and they, with the willing assistance of the LSM propaganda arm of the Dimocrat Party, have been hiding it.

Oboner has been the worst economic president in my lifetime. Crooked Cankles wants to continue these policies. She wants to be Obooger’s third term. That’s all we need. More Obamanomics.