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| From the Facebook page of Ted Nugent; It's Abbott & Costello Time! | |
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| Tweet Topic Started: Feb 7 2016, 07:52 AM (123 Views) | |
| Jolly | Feb 7 2016, 07:52 AM Post #1 |
Geaux Tigers!
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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, 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 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. |
| The main obstacle to a stable and just world order is the United States.- George Soros | |
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| Larry | Feb 7 2016, 08:26 AM Post #2 |
Mmmmmmm, pie!
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Fantastic! |
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Of the Pokatwat Tribe | |
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| George K | Feb 7 2016, 09:57 AM Post #3 |
Finally
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Gallup comments: Real Unemployment - Department of Labor (U-6)  Widely reported unemployment metrics in the U.S. do not accurately represent the reality of joblessness in America. For example, the U.S. Bureau of Labor Statistics (BLS) does not count a person who desires work as unemployed if he or she is not working and has stopped looking for work over the past four weeks. Similarly, the BLS does not count someone as unemployed if he or she is, for instance, an out-of-work engineer, construction worker or retail manager who performs a minimum of one hour of work a week and receives at least $20 in compensation. Gallup recommends using two simple metrics to track unemployment in the U.S.: Gallup Good Jobs (GGJ) and what Gallup calls the "Real Unemployment" metric from the BLS -- which combines those who are unemployed, underemployed and marginally attached to the workforce. Gallup created the GGJ metric based on one of its most important discoveries since its founding in 1935: What the whole world wants is a good job. Gallup defines a "good job" as working 30 or more hours per week for an employer that provides a regular paycheck. The GGJ metric measures the percentage of U.S. adults who have good jobs based on this definition. Good jobs are essential to a thriving economy, a growing middle class, a booming entrepreneurial sector and, most importantly, human development. Creating as many good jobs as possible should be the No. 1 priority for business and government leaders everywhere --- and GGJ and BLS Real Unemployment are the right two metrics to track good jobs. |
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A guide to GKSR: Click "Now look here, you Baltic gas passer... " - Mik, 6/14/08 Nothing is as effective as homeopathy. I'd rather listen to an hour of Abba than an hour of The Beatles. - Klaus, 4/29/18 | |
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| jon-nyc | Feb 7 2016, 10:26 AM Post #4 |
Cheers
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Come on, Geroge, you want us to believe the BLS is behind this? Nugent told us it's Obama. |
| In my defense, I was left unsupervised. | |
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| George K | Feb 7 2016, 11:02 AM Post #5 |
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Finally
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Well, in that case... But, we've talked about this before. What is the *real* unemployment rate, and you've made the point that the U6 is not what the government uses. Gallup makes the suggestion that perhaps it should be. |
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A guide to GKSR: Click "Now look here, you Baltic gas passer... " - Mik, 6/14/08 Nothing is as effective as homeopathy. I'd rather listen to an hour of Abba than an hour of The Beatles. - Klaus, 4/29/18 | |
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8:51 AM Jul 13