Let’s take a break from the Greek default saga for a day so we can prepare for the NFP number; the Non-Farm Payroll data. How many new hires are there? Are the data reliable? Man, who cares anyway.
Hopefully the following comedy will help assuage some recent angst so let’s have it.
Wait, “who’s on first” again?
COSTELLO: I want to talk about the unemployment rate in America .
ABBOTT: Good Subject. Terrible Times. It’s 5.6%.
COSTELLO: That many people are out of work?
ABBOTT: No, that’s 23%.
COSTELLO: You just said 5.6%.
ABBOTT: 5.6% Unemployed.
COSTELLO: Right 5.6% out of work.
ABBOTT: No, that’s 23%.
via Abbott and Costello’s take on unemployment? Its hilarious. | PJ Wilcox, Author | LinkedIn.