By ABC News
Jul 19, 2012 7:28pm
WASHINGTON, D.C. – The Senate has rejected further consideration of a bill Democrats say would have eliminated existing tax breaks for employers who ship their jobs overseas. While Republicans sought to squash it as political theater, Democrats admit quarreling over the “Bring Jobs Home Act” was openly influenced by the 2012 presidential campaign.
“It’s fairly easy to see why Republicans are blocking our bill to stop outsourcing,” Senate Majority Leader Harry Reid, D-Nev., said at a press conference before the vote. “They’re obviously defending their presidential nominee, who of course made a fortune by shipping jobs overseas.”
Senate Kills Anti-Outsourcing Bill; Democrats Point to Romney - ABC News
The U-3 tells us what percent of those who are doing something about work are not working
This shows the gap between availability and use of labor.
The U-4 tells us what percent of those doing something about work or recently looked but felt they wouldn't get hired are not working.
This shows us how many more would be available if their perception of the labor market changed a little.
The U-5 tells us what percent of those doing something about work or recently looked but not looking now are not working
This shows us how many more would be available if they decide their personal situation allows it.
The U-6 tells us what percent of those doing something about work or recently looked but not looking now are not working or aren't working as many hours as they'd like.
This shows us the degree of underutilization. The 11.3% tells us that of all those working or could theoretically be hired soon are not working to full possibility. If someone could be working 35+ hours/week, but isn't, then that shows a weakness in the labor market.
Therefore, since the world has still/Much good, but much less good than ill,
And while the sun and moon endure/Luck's a chance, but trouble's sure,
I'd face it as a wise man would,/And train for ill and not for good.
Horse sense is the thing a horse has which keeps it from betting on people. ~W.C. Fields