Total hours y/y rate of change is -5.72%, near its all-time lows in 2Q'75 and in 2Q'58. Past troughs in total hours y/y rate of change have coincided with recession ending, but the current period has yet to trough. 2Q'09 data should be released in early August. We note a trough in y/y Total Hours rate of change and a month-over-month increase in the actual average weekly hours worked would se...full article available after login
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