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Posts Tagged ‘how to define unemployment’

Weekend Entertainment

Posted by Larry Doyle on March 11th, 2012 7:53 AM |

With credit to NRG, I submit the following comical exchange regarding our unemployment situation.

Unemployment Definition – Abbott and Costello

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U.S. Unemployment Up in February | Underemployment is 19.1%, up from 18.7% in January

PRINCETON, NJ — U.S. unemployment, as measured by Gallup without seasonal adjustment, increased to 9.1% in February from 8.6% in January and 8.5% in December.

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%. (more…)






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