Labour economics seeks to understand the functioning and dynamics of the markets for wage labour. Labour markets function through the interaction of workers and employers. Labour economics looks at the suppliers of labour services (workers), the demands of labour services (employers), and attempts to understand the resulting pattern of wages, employment, and income.
In economics, labour is a measure of the work done by human beings. It is conventionally contrasted with such other factors of production as land and capital. There are theories which have developed a concept called human capital (referring to the skills that workers possess, not necessarily their actual work), although there are also counter posing macro-economic system theories that think human capital is a contradiction in terms.
The One Hundred Eleventh United States Congress was the meeting of the legislative branch of the United States federal government from January 3, 2009, until January 3, 2011. It began during the last two weeks of the George W. Bush administration, with the remainder spanning the first two years of Barack Obama's presidency. It was composed of the Senate and the House of Representatives. The apportionment of seats in the House was based on the 2000 U.S. Census. In the November 4, 2008 elections, the Democratic Party increased its majorities in both chambers, giving President Obama a Democratic majority in the legislature for the first two years of his presidency. A new delegate seat was created for the Northern Mariana Islands. This Congress has been considered one of the most "productive" Congresses in history in terms of legislation being passed since Lyndon Johnson's era of the "Great Society" (in the 89th Congress).
At the encouragement of the Obama administration, Congress devoted significant time considering health care reform. In March 2010, Obama signed the Senate-crafted Patient Protection and Affordable Care Act into law, the first comprehensive health care reform legislation in decades, and the Health Care and Education Reconciliation Act of 2010 which further amended the Senate bill and also included the Student Aid and Fiscal Responsibility Act. Other major reform proposals during the health care debate included:
New Jersey is a state in the Northeastern and Middle Atlantic regions of the United States. It is bordered on the north and east by New York State, on the southeast and south by the Atlantic Ocean, on the west by Pennsylvania, and on the southwest by Delaware. New Jersey is the fourth-least extensive, but the 11th-most populous and the most densely populated of the 50 United States. New Jersey lies entirely within the sprawling combined statistical areas of New York City and Philadelphia. It is also the third-wealthiest U.S. state by 2011 median household income.
The area was inhabited by Native Americans for more than 2,800 years, with historical tribes such as the Lenape along the coast. In the early 17th century, the Dutch and the Swedes made the first European settlements. The English later seized control of the region, naming it the Province of New Jersey. It was granted as a colony to Sir George Carteret and John Berkeley, 1st Baron Berkeley of Stratton. At this time, it was named after the largest of the English Channel Islands, Jersey, Carteret's birthplace. New Jersey was the site of several decisive battles during the American Revolutionary War.