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April 03, 2004

More on Drop in Work Hours

This is an additional graph on top of the earlier analysis on drop in aggregate hours worked.

From the St. Louis Fed:

The reality is that on top of net loss of jobs in the economy, there has been a significant drop in the weekly work hours for remaining workers since 2000 -- a drop of between 0.6 and 0.8 hours each week.

Don't believe the hype on jobs until both the work week and jobs increase together.

Posted by Nathan at April 3, 2004 09:40 AM