How Working Hours May Be a Recession Indicator | WSJ
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Employees are actually working fewer
Employees are actually working fewer hours as hiring booms, which could be a sign of incoming layoffs—and a possible recession. The current average number of hours worked a week by private-sector employees in jobs like construction, retail and manufacturing have also dropped below the 2019 average.
WSJ explains why economists look at the change in the number of hours people work and why this slowdown could be different as a result of the pandemic.
0:00 Hours worked
0:40 Why hours worked is a recession indicator
1:35 Biggest concerns right now
3:13 Today’s data
4:10 What’s next?
News Explainers
Some days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day's biggest stories into bite-size pieces to help you make sense of the news.
#Recession #Layoffs #WSJ
WSJ explains why economists look at the change in the number of hours people work and why this slowdown could be different as a result of the pandemic.
0:00 Hours worked
0:40 Why hours worked is a recession indicator
1:35 Biggest concerns right now
3:13 Today’s data
4:10 What’s next?
News Explainers
Some days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day's biggest stories into bite-size pieces to help you make sense of the news.
#Recession #Layoffs #WSJ
12 ماه پیش
در تاریخ 1402/04/29 منتشر شده
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