Mr. President, today I am introducing the Layoff Prevention Act, legislation to strengthen and expand work sharing programs to keep Americans on the job and provide employers with a practical alternative to layoffs that is good for business. While the U.S. has experienced 15 consecutive months of private- sector job creation, too many Americans, nearly 14 million, remain out of work. Like everyone in my State, I am fully focused on finding ways to create jobs. As we work to stabilize employment, our efforts should also be aimed at preventing the loss of jobs in the first place. This is where work sharing programs make a real difference. If you are a business owner faced with the prospect of having to let go some percentage of your highly-skilled workforce because of a rough patch, work sharing allows you to keep your workers on the job with reduced hours until you can bring them back on full time when business rebounds. In this way, a business does not lose out on the considerable expense and time it has put in to hire and train these workers. This initiative helps workers by lessening the impact of those reduced hours on workers and their families because workers receive a proportionate share of unemployment benefits. Work sharing has proven to be effective not only in my State of Rhode Island, but in the more than 20 States and the District of Columbia that have adopted it across the Nation.…
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