Average Weekly Hours vs Year Ago
Total private down 0.2 hours may not sound like much. However, total private employment is 161,864,000. That works out to 32,372,800 hours.At 34.2 hours per person, that is 946,573 employees.Note that the rebound peak was 35.0 hours. Figure that’s millions of Leisure and Hospitality workers down from a workweek of 26.6 hours to a workweek of 25.3 hours.But hey, we are still adding jobs, at least according to the BLS.Small Businesses Reducing Workers for the Last Five MonthsAlso see my ADP report Small Businesses Reducing Workers for the Last Five MonthsADP data shows small businesses with 1-49 workers have been reducing workers for five months.Government Employment Rose by an Amazing 785,000 in SeptemberIn case you missed it, please note the BLS says Government Employment Rose by an Amazing 785,000 in SeptemberI am confident something (many things?) went totally nuts in BLS sampling or assumptions, and the economy did not suddenly add 785,000 government workers in September.More By This Author:McKelvey-PMES Recession Indicator Weakens Slightly But Signal Still FirmGovernment Employment Rose By An Amazing 785,000 In September The German Auto Industry Suffers Another Smackdown Blow
