Sep
20

The Shrinking Work Weak

The August Employment Report showed the average work week for all employees on private non-farm payrolls fell by 0.1 hour to 34.2 hours. While seemingly uneventful, the decline equates to the loss of 325,000 jobs across the broad economy. The Report also noted that the unemployment rate for men is 8.9%, is 8% for women, 25.4% for teenagers, 8% for whites, 16.7% for blacks, 11.3% for Hispanics and 7.1% for Asians.

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