U.S. workweek labor hour growth stagnant under Obama

One good economic number to watch is “workweek labor hours”. This points to what people are working on average for a week. 

Here’s what Robert Wenzel at EPJ reported last week:

And for the first time since January, the workweek moved higher, up 1 tenth to 34.5 hours.

Important considering all the economic glory the President is bestowing on himself as of late for legacy reasons. The Bureau of Labor Statistics shows this ten year graph.

Same working hours as George Bush’s tenure. One reason Obama’s stunted economic growth is due to his own policies like Obamacare forcing more part time growth then full time. Here’s a snippet from “Monthly Labor Review” in 2000 explaining low hourly growth even though the workforce is growing:

When companies begin to employ more part-time workers while holding on to their full-time workforce, the average weekly hours total falls as the number ofworkers increases at a faster rate than does the figure for total hours.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.