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Aaron Sojourner@aaronsojourner.org |
That’s the extensive quantity (Q) margin. Intensive Q margin is average hours. Average workweek hours for private-sector steady at 34.3 hours for third month in a row. This has normalized down a lot from earlier in the pandemic when employers worked staff longer, instead of hiring.
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Aaron Sojourner
@aaronsojourner.org
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Hours among those who usually work full time remains a bit lower than pre-pandemic. Didn't fall further in June. Has ratcheted down in last 3 recessions. Full time isn't as full as it used to be, which could be an increase in job quality for many salaried workers. Across industries, except ag.
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