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Humor Title: Abbott and Costello on Why Unemployment Numbers are Improving! COSTELLO: I want to talk about the unemployment rate in America .. ABBOTT: Good subject. Terrible times. It's about 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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#1. To: CZ82 (#0)
That's good.
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