Jobless report continues to improve - GOP heads explode

http://www.challengergray.com/press/...x?PressUid=216

http://www.dol.gov/opa/media/press/eta/ui/current.htm

http://www.usnews.com/opinion/articl...mployment-rate

http://www.stltoday.com/news/nationa...c25872f3f.html

I think it's common knowledge that you're incredibly naive.

Good luck with your stupidity.

[geeker2]

Originally Posted by Coach Pants

http://www.challengergray.com/press/...x?PressUid=216

http://www.dol.gov/opa/media/press/eta/ui/current.htm

http://www.usnews.com/opinion/articl...mployment-rate

http://www.stltoday.com/news/nationa...c25872f3f.html

I think it's common knowledge that you're incredibly naive.

Good luck with your stupidity.

Dailykosuck knows all !

[Antitrust32]

From Coach's link and oh so true. Funny and sad.

http://www.usnews.com/opinion/articl...mployment-rate


COSTELLO: I want to talk about the unemployment rate in America.

ABBOTT: Good Subject. Terrible Times. It's about 8 percent.

COSTELLO: That many people are out of work?

ABBOTT: No, that's 16 percent.

COSTELLO: You just said 8 percent.

ABBOTT: 8 percent unemployed.

[Check out the U.S. News Economic Intelligence blog.]

COSTELLO: Right 8 percent out of work.

ABBOTT: No, that's 16 percent.

COSTELLO: Okay, so it's 16 percent unemployed.

ABBOTT: No, that's around 8 percent...

COSTELLO: Waits a minute. Is it 8 percent or 16 percent?

ABBOTT: 8 percent are unemployed. 16 percent are out of work.

COSTELLO: If you are out of work aren't you unemployed?

ABBOTT: No, you can't count the "Out of Work" as unemployed. You have to look for work to be unemployed.

[See a slide show of Mort Zuckerman's 5 Ways to Create More Jobs.]

COSTELLO: But they are out of work!!!

ABBOTT: No, you miss my point.

COSTELLO: What point?

ABBOTT: Someone who doesn't look for work, can't be counted with those who look for work. It wouldn't be fair.

COSTELLO: To who?

ABBOTT: The unemployed.

COSTELLO: But they are all out of work.

ABBOTT:No, the unemployed are actively looking for work ... Those who are out of work stopped looking. They gave up. And, if you give up, you are no longer in the ranks of the unemployed.

COSTELLO: So if you're off the unemployment roles, that would count as less unemployment?

[See the 10 best cities to find a job.]

ABBOTT: Unemployment would go down. Absolutely!

COSTELLO: The unemployment just goes down because you don't look for work?

ABBOTT:

Absolutely it goes down. That's how you get to 8 percent. Otherwise it would be 16 percent. You don't want to read about 16 percent unemployment do ya?

COSTELLO: That would be frightening.

ABBOTT: Absolutely.

COSTELLO: Wait, I got a question for you. That means ther're two ways to bring down the unemployment number?

ABBOTT: Two ways is correct.

COSTELLO: Unemployment can go down if someone gets a job?

[See the 10 worst cities to find a job.]

ABBOTT:Correct.

COSTELLO:And unemployment can also go down if you stop looking for a job?

ABBOTT: Bingo.

COSTELLO: So there are two ways to bring unemployment down, and the easier of the two is to just stop looking for work.

ABBOTT: Now you're thinking like an economist.

COSTELLO: I don't even know what the hell I just said!

[Danzig]

yeah, when i saw the one title abbott and costello i had to check it out.

funny, but so sad because it's exactly what they use to show how things are just peachy.

'look, it's getting better'. but it's not.

on top of bad numbers, bad economy, bad debt/deficits, you have an admin who feels perfectly justified in killing citizens with drones.

[Rudeboyelvis]

[geeker2]

^^^^^ Ror!!!

[Danzig]

love it!

[joeydb]

Originally Posted by Antitrust32

From Coach's link and oh so true. Funny and sad.

http://www.usnews.com/opinion/articl...mployment-rate


COSTELLO: I want to talk about the unemployment rate in America.

ABBOTT: Good Subject. Terrible Times. It's about 8 percent.

COSTELLO: That many people are out of work?

ABBOTT: No, that's 16 percent.

COSTELLO: You just said 8 percent.

ABBOTT: 8 percent unemployed.

[Check out the U.S. News Economic Intelligence blog.]

COSTELLO: Right 8 percent out of work.

ABBOTT: No, that's 16 percent.

COSTELLO: Okay, so it's 16 percent unemployed.

ABBOTT: No, that's around 8 percent...

COSTELLO: Waits a minute. Is it 8 percent or 16 percent?

ABBOTT: 8 percent are unemployed. 16 percent are out of work.

COSTELLO: If you are out of work aren't you unemployed?

ABBOTT: No, you can't count the "Out of Work" as unemployed. You have to look for work to be unemployed.

[See a slide show of Mort Zuckerman's 5 Ways to Create More Jobs.]

COSTELLO: But they are out of work!!!

ABBOTT: No, you miss my point.

COSTELLO: What point?

ABBOTT: Someone who doesn't look for work, can't be counted with those who look for work. It wouldn't be fair.

COSTELLO: To who?

ABBOTT: The unemployed.

COSTELLO: But they are all out of work.

ABBOTT:No, the unemployed are actively looking for work ... Those who are out of work stopped looking. They gave up. And, if you give up, you are no longer in the ranks of the unemployed.

COSTELLO: So if you're off the unemployment roles, that would count as less unemployment?

[See the 10 best cities to find a job.]

ABBOTT: Unemployment would go down. Absolutely!

COSTELLO: The unemployment just goes down because you don't look for work?

ABBOTT:

Absolutely it goes down. That's how you get to 8 percent. Otherwise it would be 16 percent. You don't want to read about 16 percent unemployment do ya?

COSTELLO: That would be frightening.

ABBOTT: Absolutely.

COSTELLO: Wait, I got a question for you. That means ther're two ways to bring down the unemployment number?

ABBOTT: Two ways is correct.

COSTELLO: Unemployment can go down if someone gets a job?

[See the 10 worst cities to find a job.]

ABBOTT:Correct.

COSTELLO:And unemployment can also go down if you stop looking for a job?

ABBOTT: Bingo.

COSTELLO: So there are two ways to bring unemployment down, and the easier of the two is to just stop looking for work.

ABBOTT: Now you're thinking like an economist.

COSTELLO: I don't even know what the hell I just said!

Winner

[Danzig]

http://www.slate.com/blogs/moneybox/...atest_redirect

The Nonfarm Payrolls Report of Doom
By Matthew Yglesias
| Posted Friday, June 1, 2012, at 9:01 AM ET



The latest jobs report is a total disaster. We got 69,000 new jobs in May which is well below already tepid expectations and is below the labor force trend growth rate. Terrible.

But it gets worse!

“The change in total nonfarm payroll employment for March was revised from +154,000 to +143,000, and the change for April was revised from +115,000 to +77,000.” In other words, we gained 69,000 new jobs in May (estimated) but lost 49,000 in revisions. That leaves us with a net increase in employment of just 20,000. Disaster disaster disaster.

[Rudeboyelvis]

Cue the Libtard whinings about how "we inherited this mess"

Obama is even getting into the game, crying about how bad it was when Bush was in the White House the other day, I would love to see his 2008 campaign rhetoric sync'd to this defeatist, blathering cop out.

The sad reality is Trillions of dollars piszed away on cronyism and banking bail outs instead of what he promised.... Another failure to add to the continuing list of complete, abject failures.

[Danzig]

Originally Posted by Rudeboyelvis

Cue the Libtard whinings about how "we inherited this mess"

Obama is even getting into the game, crying about how bad it was when Bush was in the White House the other day ...lol

the sad reality is Trillions of dollars piszed away on cronyism and banking bail outs instead of what he promised.... Another failure to add to the continuing list of complete, abject failures.

yeah, almost four years later...that excuse is getting kind of stale.

[joeydb]

Originally Posted by Rudeboyelvis

Cue the Libtard whinings about how "we inherited this mess"

Obama is even getting into the game, crying about how bad it was when Bush was in the White House the other day, I would love to see his 2008 campaign rhetoric sync'd to this defeatist, blathering cop out.

The sad reality is Trillions of dollars piszed away on cronyism and banking bail outs instead of what he promised.... Another failure to add to the continuing list of complete, abject failures.

It's similar to "It's all Herbert Hoover's fault" all over again. FDR got 9 years out of that one and by then our involvement in World War II started in 1941.

Don't underestimate the tactic.