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<< Bush Sought to Poison Europe | Main | Avoiding NewSpeak is Treason >> April 02, 2004More Jobs, Less WorkIt's a strong jobs report out this month, but like every number out there, in this back and forth economy, there's a negative kicker-- namely that the number of hours worked per employee fell: Despite the increase in jobs, hours worked in the economy fell by 0.1 percent. The average workweek also fell by a tenth of an hour to 33.7 hours. Hours worked in the manufacturing fell 0.3 percent, with a drop of 0.1 percentage points in the average workweek to 40.9So while job growth was 0.2 percent, the amount of hours worked for everyone else fell on average 0.1 percent. This is the BLS series that shows the aggregate hours index just plain dropped in the last month. In fact, this chart shows how dramatic the overall loss of total hours worked in the economy has been under Bush, in contrast to the large increase during the 1990s.
We'll see lots of spinning of this number as heralding the success of Bush's economic policies, but the plain fact remains that there is just a hell of a lot less work out there than before he became President. Posted by Nathan at April 2, 2004 10:43 AM Related posts:
Trackback PingsTrackBack URL for this entry: CommentsI may have to sick the Sandwhichman on you for failing to endorse the 20 hour work week and applauding the drop in working hours. Posted by: buermann at April 2, 2004 03:34 PM This is the most easy to demonstrate sign of underemployment. It was the same during the Great Depression. You could have a job, but be worried because you weren't able to work enough hours to make a living wage. Combine this with the number of people who have jobs, but are dissatisfied with the quality of their work (wages, benefits, status, etc.) and I don't think today's number will make any difference come November. Bush will still lose. Jonathan Rees Posted by: Jonathan Rees at April 2, 2004 06:33 PM for any of this to hold water you need to do a comparison of average salary, average total wages, average after-tax wages, etc. just saying "work week hours are lower than during clinton's years" is vastly ignorant of the economics involved. in fact, most of you fukkers are butchering the economics behind this in hopes of a 'gotcha'. this includes the right as well. give it up, talk about issues that DO NOT INCLUDE the economy, you're not up to the task. by the way, can you think of any *tech bubble* reason *tech bubble* why *tech bubble* the *tech bubble* job *tech bubble* market *tech bubble* was *tech bubble* so *tech bubble* strong *tech bubble* in *tech bubble* the *tech bubble* late *tech bubble* 90's? Posted by: a at April 2, 2004 11:48 PM Post a comment
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