‘Abott and Costello’ on Unemployment

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 … Continue reading ‘Abott and Costello’ on Unemployment