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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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Prime Minister Tony Abbott Will Send Troops to Ukraine to Protect Aussie Officers

US Politics / Conservative : Gateway Pundit (6 days ago)

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Unemployment vs. Out of Work

US Politics / Conservative : NRO: The Corner (2 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 (2 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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