A simple way to explain the unemployment stats
THWRN logo Each company here is
part of The HRIS World Research Network
Hover over each company to discover
where they service,
who they service, as well as
what they have to offer...
You will find this bar on
each of their sites...
THWRN logo
Locations: Global
Markets: Micro; SMB/SME; Enterprises
Focus: Where the conversation starts...
Your go-to portal for information,
news, research & software comparisons
anywhere in The HRIS World... ®
Providing you a global reach
through local resources
hr software solutions
Locations: Canada | United States | Europe
Market: SMB/SME; Enterprises
Focus: Full-spectrum HRIS project & system
services including (but not limited to)
Client Executive Sponsorship,
Needs Assessment, Project
Management & Implementations
hr tech advisor
Locations: USA | Europe
Market: SMB/SME; Enterprises
Focus: We work with employers who want to
maximize their relationship with their
HR Tech vendors by assisting the
them with selection best practices,
thereby avoiding costly mistakes.
new to hr
Locations: Global
Market: Micro; SMB/SME; Enterprise
Focus: Through a range of global services,
online HR courses, career development
strategies, career planning and
coaching sessions, New to HR
encourages the development of novice
HR professionals into becoming the
next generation of MD's and CEO's.
people assessments
North America | EMEA | Asia
Market: SMB/SME; Enterprises
Focus: Assessment solutions for
corporations wanting to hire better
people, faster, for less total cost
(English, Mexican Spanish, Simplified
Chinese, more languages available soon)
Locations: Global
Market: SMB/SME; Enterprises
Focus: World class people assessment &
development solutions which drive
organisational success by workining
in partnership with our clients to
provide solutions for selection,
individual, team & organisational

A simple way to explain the unemployment stats

Use code PA15HRIS for your 20% discount!

Been looking for a simple way to explain the unemployment stats, how the “good news” of the past few weeks are really misleading, and providing those that believe them to be good news much like the fool’s gold that panhandlers find when digging for gold.

This synopsis is with much thanks to Frank Link, VP Client Services at First Sun Consulting, LLC – Outplacement Services. If you are not familiar with Abbot & Costello, and you love classic comedy, then you need to watch some of their clips on YouTube…

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

ABBOTT: Good Subject. Terrible Times. It’s 8.3%.

C: That many people are out of work?

A: No, that’s 16%.

C: You just said 8.3%.

A: 8.3% Unemployed.

C: Right 8.3% out of work.

A: No, that’s 16%.

C: Okay, so it’s 16% unemployed.

A: No, that’s 8.3%…

C: WAIT A MINUTE. Is it 8.3% or 16%?

A: 8.3% are unemployed. 16% are out of work.

C: IF you are out of work you are unemployed.

A: No, you can’t count the “Out of Work” as the unemployed. You have to look for work to be unemployed.


A: No, you miss my point.

C: What point?

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

C: To who?

A: To Obama’s re-election campaign.

C: But they are ALL out of work.

A: 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.

C: So if you’re off the unemployment rolls, that would count as less unemployment?

A: Unemployment would go down. Absolutely!

C: The unemployment just goes down because you don’t look for work?

A: Absolutely it goes down. That’s how you get to 8.3%. Otherwise, it would be 16%. You don’t want to read about 16% unemployment do ya?

C: That would be frightening.

A: Absolutely.

C: Wait, I got a question for you. That means they’re two ways to bring down the unemployment number?

A: Two ways is correct.

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

A: Correct.

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

A: Bingo.

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

A: Now you’re thinking like an economist.

C: I don’t even know what the heck I just said!

And now you know why the unemployment figures are improving!

Here’s Abbot and Costello’s best gig, enjoy…

And here’s another video for your next coffee break :-)

a d v e r t i s e m e n t
Free shipping. Free returns. Offer good only for USA.
a d v e r t i s e m e n t

Short URL for This Content


Author Bio and Latest Posts

The following two tabs change content below.
Garrett O'Brien

Garrett O'Brien

Garrett is the Chairman of the Executive and Advisory Boards for
The HRIS World Research Network

With 20+ years in roles as a client executive sponsor, project manager as well as functional / technical lead, Garrett is sought for his expertise globally.

He has been involved in large-scale and complex implementations since 1991 and has recently moved his operations to be with his wife in Brazil.

Garrett has had the pleasure of working with some of the greatest talents in the industry, and constantly shares his experiences and knowledge through content and webinars.

He has managed somehow to be fluent in Portuguese, German, French and English along the way.

When not working, you will have to be adventurous to stay up with him as Garrett loves motorcycling, gunnery, boating, sailing, flying, and sports fishing.

Garrett’s current roles…

  • Publisher, editor, writer, and owner of 6 leading HRIS system and career blogs which are read by 50,000+ monthly visitors monthly in 90+ countries, 40%+ the audience being decision-makers in their organization (and about half of that being C-levels!).
  • Serves on the HR.com Advisory Board for the CoreHR, HRIS and Payroll Community
  • Is the CEO for CGServices USA, focusing on multi-provider, multi-line implementations for HRIS systems
  • Is a Council and Education Member of Gerson Lehrman Group Council, helping institutions of the world leaders meet, engage and manage experts across a wide range of sectors and disciplines.

In the news...
HR and the Cloud

Isabella Chan of HR Matters talks to Garrett O’Brien about the growth of cloud computing and building a technology strategy around HR.

Your Invite to Contribute

If you'd like to provide a post, a series of posts, or even be a regular contributor to any of The HRIS World blogs, you can use our contact page or reach us through our social media for details...

You can always contact Garrett via email, social media, or by leaving a comment below...

Related Posts:

Start a Conversation!

Like What You've Read So Far?

If you enjoyed this article, be sure to visit more content by this author or other articles related to this topic listed above.

You can always save any of our content to MyLibrary for future reference.

To see excerpts of our latest content, CLICK HERE

Add This Content to My Library

Registered WordPress account with THW? Your library is maintained through our database.

Not registered in WordPress with THW? Your library is maintained through a cookie on the machine you used to favor the content (use more than one computer? then My Library will be different in each).

Please note: If you already have a subscription to our Newsletter, registering for a WordPress account is a separate action. You may register for your WordPress Account at any time from the side bar of any post or by clicking here.

FavoriteLoadingAdd this to My Library

to the top icon