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Forum topic by BobM001 posted 854 days ago 786 views 0 times favorited 4 replies Add to Favorites Watch
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BobM001

388 posts in 964 days


854 days ago

Topic tags/keywords: humor unemployment

Abbott and Costello explain “Unemployment statistics”

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 rolls, 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 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 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

-- OK, who's the wise guy that shrunk the plywood?


4 replies so far

View David Craig's profile

David Craig

2135 posts in 1742 days


#1 posted 854 days ago

Abbott and Costello on loafing :)

-- There is little that is simple when it comes to making a simple box.

View David Craig's profile

David Craig

2135 posts in 1742 days


#2 posted 854 days ago

btw – The skit on unemployment is not a real Abbott and Costello routine. It is a spoof of Who’s on First?

-- There is little that is simple when it comes to making a simple box.

View rodman40's profile

rodman40

157 posts in 961 days


#3 posted 854 days ago

It’s still good.

-- Rodman

View vernonator's profile

vernonator

68 posts in 1285 days


#4 posted 854 days ago

And True….

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