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| “
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| Unemployment as reported is at 9 percent. But it's
actually more than 16 percent. Some smart statistician came up with a
distinction. A slight of hand to make the unemployment number tolerable
rather than frightening. The concept was simple: 9 percent are
unemployed and are actively looking for work. The 16 percent includes
those who gave up and are no longer actively looking for work. So those
casualties are no longer counted. They cease to exist. The 9 percent is
a fake. A sham. And worthy of an Abbott & Costello routine. If that
great comedy team were still alive, the routine on our unemployment
woes might go something like this. - Barry Levinson |
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.
(continued)
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cuzzin ricky
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9% qualify for unemployment, the balance no longer qualify for unemployment insurance, so they don't count. Funny how we don't hear about extending unemployment benefits anymore from the press, oh, wait, cause then we would have to count them as unemployed. Funny how that works.
ReplyDeletethoR~
To stay on unemployment, an effort to look for work needs to be made, with a log of contacts made for the week then it needs to be submited to the state to prove that you are looking for work. Once unemployment has run out then the unemployed no longer are reporting that they are looking for work to the state which reports to the fed.
ReplyDeletethoR~