In the wake of Donald Trump's announcement that he will run for President, Stephen Colbert has an announcement too.

The real unemployment is who knows. Pick a hat. Pick a hat out of a hat. Find a hat, and there's another hat inside of it. That's how badly our hat business is doing in the United States. There are drifts of hats in the streets with other hats in it. Mexico has the hats. They have the hat dance. They know what to do with them. The Mexicans know what to do with the hats, and we don't. And the real number of how many hats in the hat industry and unemployment in that sector alone is between 18 to 24.

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