The real job threat

Little comfort emanates from reports that the moratorium on deepwater drilling in the Gulf of Mexico will cut fewer jobs than originally was feared. The moratorium isn't the only blow to employment.At a Sept. 16 hearing of the Senate Small Business and Entrepreneurship Committee, a Department of Commerce official reported new government estimates that temporary job losses related to the moratorium would total 8,000-12,000. Earlier, the Department of the Interior had estimated the bite at 23,000 jobs. The new estimate comes from an interagency report offering several explanations for the difference. "One of the primary ones," it says, "is that contrary to the worst-case assu...

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