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Last post 12 years ago by DrMaddVibe. 25 replies replies.
Unemployment Figures
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pgje51 Offline
#1 Posted: Tue, Feb 7 2012, 12:28 PM EST
Joined: 01-13-2006
Posts: 5,013

Remember "Who's on First" ?

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.
daveincincy Offline
#2 Posted: Tue, Feb 7 2012, 12:59 PM EST
Joined: 08-11-2006
Posts: 20,033
Sooooo, only the 9%, which is now something like 8% depending on what formula you use, should be collecting unemployment, correct? Anxious

I know a quick way to decrease the unemployment rate even more. Extend unemployment...again. YAAAAAY!
Stinkdyr Offline
#3 Posted: Wed, Feb 8 2012, 7:46 AM EST
Joined: 06-16-2009
Posts: 9,948
PAY NO ATTENTION TO THAT MAN BEHIND THE CURTAIN!!!!!!!


fog
dpnewell Offline
#4 Posted: Wed, Feb 8 2012, 9:40 AM EST
Joined: 03-16-2009
Posts: 7,491
I think Dave has the answer here. Extend unemployment benefits from temporary to lifetime. Hundreds of thousands of folks will no longer be looking for work, and the unemployment numbers will plummet.
Rclay Offline
#5 Posted: Wed, Feb 8 2012, 10:00 AM EST
Joined: 10-30-2006
Posts: 1,813
Spot on!
itsawaldo Offline
#6 Posted: Wed, Feb 8 2012, 10:12 AM EST
Joined: 09-10-2006
Posts: 4,221
The best explaintion ever!
The truth hurts-from laughing so hard about how this is so true.
kharzhak Offline
#7 Posted: Wed, Feb 8 2012, 1:00 PM EST
Joined: 10-29-2008
Posts: 1,825
nice
Humastronaut Offline
#8 Posted: Wed, Feb 8 2012, 5:57 PM EST
Joined: 07-26-2011
Posts: 231
Applause BRAVO!!!
Stinkdyr Offline
#9 Posted: Thu, Feb 9 2012, 1:53 PM EST
Joined: 06-16-2009
Posts: 9,948
Greece claims their unemployment rate is 21%.

(Imagine what their REAL unemployment rate is)


Herfing
rfenst Offline
#10 Posted: Thu, Feb 9 2012, 2:35 PM EST
Joined: 06-23-2007
Posts: 39,431
Stinkdyr wrote:
Greece claims their unemployment rate is 21%.

(Imagine what their REAL unemployment rate is)


Herfing



The definitions must remain constant if one is to compare or contrast economic and/or statistical data from one period to another.
Stinkdyr Offline
#11 Posted: Thu, Feb 9 2012, 3:12 PM EST
Joined: 06-16-2009
Posts: 9,948
rfenst wrote:
The definitions must remain constant if one is to compare or contrast economic and/or statistical data from one period to another.



Amen to that, botl !!

shadowstats.com
daveincincy Offline
#12 Posted: Fri, Feb 10 2012, 9:30 AM EST
Joined: 08-11-2006
Posts: 20,033
rfenst wrote:
The definitions must remain constant if one is to compare or contrast economic and/or statistical data from one period to another.



Well, they've changed the formula now so in a few years those brought up under the "new math" will see 8% unemployment and say, "that ain't so bad." Frying pan
rfenst Offline
#13 Posted: Fri, Feb 10 2012, 11:12 AM EST
Joined: 06-23-2007
Posts: 39,431
daveincincy wrote:
Well, they've changed the formula now so in a few years those brought up under the "new math" will see 8% unemployment and say, "that ain't so bad." Frying pan


They should keep all definitions and only add new ones so as to only compare apples to oranges and oranges to oranges. Damn politicians, actuaries, economists, epidemiologists, etc, etc....
DrMaddVibe Offline
#14 Posted: Fri, Feb 10 2012, 1:21 PM EST
Joined: 10-21-2000
Posts: 55,554
daveincincy wrote:
Well, they've changed the formula now so in a few years those brought up under the "new math" will see 8% unemployment and say, "that ain't so bad." Frying pan



"New Math"..."New Money"...whatever it takes!
drywalldog Offline
#15 Posted: Sat, Feb 18 2012, 12:52 PM EST
Joined: 06-19-2007
Posts: 5,536
Obama train is picking up speed, climb on now, or I feel sorry for you.
ZRX1200 Offline
#16 Posted: Sat, Feb 18 2012, 1:57 PM EST
Joined: 07-08-2007
Posts: 60,661
I hear the last guy who did that died a mysterious death.......
drywalldog Offline
#17 Posted: Sat, Feb 18 2012, 3:36 PM EST
Joined: 06-19-2007
Posts: 5,536
I aint skeert.
DrMaddVibe Offline
#18 Posted: Sat, Feb 18 2012, 4:35 PM EST
Joined: 10-21-2000
Posts: 55,554
So...DWD...your business is doing gangbusters under the Kenyan King's reign, bravo.

I didn't know new home starts were looking that damn good. It must be from all the repair work then.

Repairs from everyone ramming their heads or fists through a wall when they get their paychecks and see they're bringing home less while everything is going up.

Bravo you 1%er! Way to carry the Obama Kool-Aid bucket up the hill.
drywalldog Offline
#19 Posted: Sat, Feb 18 2012, 6:04 PM EST
Joined: 06-19-2007
Posts: 5,536
Stock market good, unemployment better,lotsa other good data. Glass half full kinda guy. But if you dont see it, I must be wrong..
drywalldog Offline
#20 Posted: Sat, Feb 18 2012, 6:11 PM EST
Joined: 06-19-2007
Posts: 5,536
By the way, high end remodel niche, rich people have more money to spend.
rfenst Offline
#21 Posted: Sun, Feb 19 2012, 3:49 AM EST
Joined: 06-23-2007
Posts: 39,431
drywalldog wrote:
By the way, high end remodel niche, rich people have more money to spend.


Yup, unless they are living off retirement $$ interest.
DrMaddVibe Offline
#22 Posted: Sun, Feb 19 2012, 10:14 AM EST
Joined: 10-21-2000
Posts: 55,554
drywalldog wrote:
Stock market good, unemployment better,lotsa other good data. Glass half full kinda guy. But if you dont see it, I must be wrong..



The last time you were talking about the economy and unemployment you were talking about how your business couldn't get meaningful work and that illegal immigrants were doing it all.

The stock market is only good if you're in it. Millions of Americans were forced to cash out and withdraw down on their "stock market" to pay for perhaps a job loss, or mortgage. Not everyone is a venture capitalist.

As for the unemployment numbers...Liars always figure and Figures never lie...it would be nice if they actually held to the same equation without semantics.

The media only reports on U3 so, you can only imagine. No?

http://www.portalseven.com/employment/unemployment_rate_u6.jsp

Lotsa other good data...like what? I'd already mentioned home starts...how are those? The President has already stated the recovery is 2 years away. He's had more than 3! He is worse than what I had imagined. Inexperienced beyond all compare. The only thing he's good at is throwing taxpaying dollars at black holes like bankrupt car companies, green technologies that don't pay off ROI, giving banks money to lend and growing the government sector worse than Herbert Hoover!

Glass half full kinda guy...awesome if it's something other than the kool-aid.
pgje51 Offline
#23 Posted: Mon, Feb 20 2012, 3:38 PM EST
Joined: 01-13-2006
Posts: 5,013
the unemployed will save a ton of money when gas reaches $/5gal this summer.
yardobeef Offline
#24 Posted: Mon, Feb 20 2012, 4:17 PM EST
Joined: 10-25-2011
Posts: 849
pgje51 wrote:
the unemployed will save a ton of money when gas reaches $/5gal this summer.


They get all the breaks!
DrMaddVibe Offline
#25 Posted: Tue, Feb 21 2012, 10:46 AM EST
Joined: 10-21-2000
Posts: 55,554
http://cnsnews.com/news/article/gallup-finds-unemployment-climbing-nine-percent-february


Don't take MY word for it.Shame on you
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