Extremely High Dislocation In The Labor Market
by UPFINA
Article of the Week from UPFINA
Here we will mention some of the points from the April labor report that we didn’t get to in yesterday’s article. The length of the work week rose from 34.9 to 35 hours. That tied the record high using data that goes back to March 2006. Weekly hours worked by private production & non-supervisory workers goes back further. It stayed at 34.4 hours which tied the highest reading since April 2000. From the 1960s to the 2010s, there was a multi-decade decline in hours worked per week.
Source: http://econintersect.com/pages/analysis/analysis.php?post=202105120734
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