The Work Week: the Troubling New Trend

The Provocateur ^ | 07/05/2009 | Mike Volpe

[fiscon1]

The most troubling part of the June jobs report was likely not even the lost jobs (467000) but the average work week.

In June, the average workweek for production and non supervisory workers on private non farm payrolls fell by 0.1 hour to 33.0 hours--the lowest level on record for the series, which began in 1964. The manufacturing work week rose by 0.1 hour to 39.5 hours, and factory overtime was unchanged at 2.8 hours.

[blam]

The Unemployment Timebomb Is Quietly Ticking

[RU88]

Those “green shoots” look like they're being pissed on. However I have complete confidence that our esteemed leader will part the turbulent seas and deliver us to the promised land of milk and honey. That is after he shakes us all down for everything we're worth.