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Abbott and Costello explain the unemployment rate

Thanks to U Chicago's Allen Sanderson for sending this along:COSTELLO: I want to talk about the unemployment rate in America.ABBOTT: Good "subject". Terrible "times". It's about 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.
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The Absurdity Of European Sovereign QE In 1 'Tres Stupide' Chart

Business & Finance : Zero Hedge (7 hours ago)

Because buying bonds and lowering interest rates will do what exactly... Record high unemployment in France... and record low yields on sovereign bonds (10Y below 1.00% for the first time ever)... Charts: Bloomberg Read Post

Unemployment vs. Out of Work

US Politics / Conservative : NRO: The Corner (3 years ago)

A few days ago, Greg Mankiw posted this amusing dialogue about the unemployment rate, as if Abbott and Costello had to discuss it. Here is a tidbit of the exchange: COSTELLO: I want to talk about the unemployment rate in America. Ke... Read Post

Economists and Comedians

Business & Finance / Career & Jobs : Execupundit.com (3 years ago)

At Anderson Layman's Blog, Abbott and Costello discuss unemployment. An excerpt: COSTELLO: I want to talk about the unemployment rate in America. ABBOTT: Good "subject". Terrible "times". It's about 9%. COSTELLO: That many people ar... Read Post


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