The Unemployment Rate, Another Way to Look at It

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Ho Ho Ho – and a Merry Christmas to all at Harpo Studios in Chicago. That wonderful humanitarian, Oprah Winfrey, who can cry on cue, is giving her entire Chicago staff, all 183 people, the old heave-ho just before the holidays, as she and her fortune relocate to Los Angeles. What a Saint!

This prompted me to reflect on their chances of finding gainful employment in this Obama economy. The chances are not good, unless you believe the governments numbers.The current unemployment rate the Obamites are touting is about 5.5%. Of course we know this is bunk. A few months ago Donald Trump claimed the real number was between 18 & 20%. In some sectors, like black unemployment, it is indeed at least that high. The U6 figure is purported to be around 11%, so let’s split the difference and call it 15%.

Rather than explain these figures in the usual dry format with which they are usually, I dragged back out and updated the old Abbott and Costello “Who’s on First” routine. It may still be the funniest stand-up routine ever. However, it’s been modified somewhat to explain how the government reports the unemployment rate.

 

If Abbott & Costello were alive today, it would sound something like this…….
COSTELLO:
I want to talk about the unemployment rate in America.
ABBOTT:
Good Subject. Terrible Times. It’s 5.5%

COSTELLO:
That many people are out of work? ABBOTT:
No, that’s 15%

COSTELLO:
You just said 5.5%.
ABBOTT:
5.5% Unemployed.

COSTELLO:
Right 5.5% out of work.
ABBOTT:
No, that’s 15%.

COSTELLO:

Okay, so it’s 15% unemployed.
ABBOTT:
No, that’s 5.5%…

COSTELLO:
WAIT A MINUTE. Is it 5.5% or 15%?
ABBOTT: 5.5% are unemployed. 15% 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 rate just goes down because you don’t look for work?
ABBOTT:
Absolutely it goes down. That’s how you get to 5.5%. Otherwise it would be 15%. You don’t want to read about 15% 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 heck I just said!

About the Common Constitutionalist

Brent, aka The Common Constitutionalist, is a Constitutional Conservative, and advocates for first principles, founders original intent and enemy of progressives. He is former Navy, Martial Arts expert. As well as publisher of the Common Constitutionalist blog, he also is a contributing writer for Political Outcast, Godfather Politics, Minute Men News (Liberty Alliance), Freedom Outpost, the Daily Caller, Vision To America and Free Republic. He also writes an exclusive weekly column for World Net Daily (WND).

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