How to Understand Obama's Unemployment Figures

Discussion in 'Politics' started by bigrebnc1775, Feb 14, 2012.

  1. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    Someone finally figured it out!




    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 I just said!

    And now you know why Obama's unemployment figures are improving!:lol:
     
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  2. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    In other words some people will believe wishful thinking so they will not feel so bad.
     
  3. TruthSeeker56
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    TruthSeeker56 Silver Member

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    EXCELLENT analogy! Great job!

    Let's do the Obamanista "statistical shell game" in a "formulaic" way:

    1. Calculate the gross (total) number of ALL unemployed/out of work adults 18 years of age or older.

    2. Subtract the number of all unemployed/out of work adults who have exhausted their unemployment benefits.

    3. Subtract the number of all unemployed/out of work adults who have given up looking for work and are completely relying on public assistance to survive.

    4. Subtract the number of all unemployed/out of work adults who are working part-time jobs, because they cannot find a full-time job.

    5. Subtract the number of all unemployed/out of work adults who are "under"-employed (working at jobs that are well below their skill levels).

    6. Subtract the number of all other unemployed/out of work adults who are NOT collecting unemployment benefits.

    7. The "reported" unemployment "statistics" are the result.
     
  4. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    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.
     
  5. theHawk
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    theHawk Registered Conservative

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    Check out the real labor force numbers:
    Bureau of Labor Statistics Data


    The percentage of the people in the workforce has shrunk tremendously since Obama took office.

    In fact, it is the lowest it has ever been since the early 80's after the Carter train wreck.
     
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  6. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Scene II: Unemployment stimulates the economy
     
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  7. LilOlLady
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    LilOlLady Gold Member

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    Only village idiots would understand this nonsense. Facts by economist believe different and I tend to believe them. Sound like radical right wing and Foxnews gibberish:cuckoo:
     
  8. g5000
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    g5000 Diamond Member

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    I love Abbott and Costello, but fictional comedy routines do not reflect reality.

    Here is the reality:

    February 2012 Employment Situation
     
  9. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    No the facts were pointed out how the unemployment numbers are given. but a left wing village idiot wouldn't understand that, well because they are a idiot.
     
  10. g5000
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    g5000 Diamond Member

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    Since I just showed that the number of discourage workers is unchanged from a year ago, what do you suppose is the cause the number of workers dropping?

    Do you think the big fat egg of baby boomers that are now hitting retirement age might have something to do with it?

    1946 + 65 = 2011!
     

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