US Weekly Hours Worked Fall 0.2% Over Past Three Months
The decline marks the largest drop in aggregate weekly hours since the pandemic, signaling a potential slowdown in labor market activity.
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Terms & Concepts
Aggregate Weekly Hours Worked: A labor market metric representing the total number of hours worked by all employees in a week, used to gauge overall employment activity.
Labor Market Activity: The overall level of participation, employment, and hours worked within an economy, reflecting economic health and demand for labor.