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A funny data point in that article:


The average U.S. work week was unchanged at 33.8 hours.

Maybe the USA needs a 35-hour week so that Americans are incited to work a bit more than their current lazy habits?

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Fri Nov 2nd, 2007 at 12:02:48 PM EST
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The 33.8 hour work week must be the average of PT (wage) and FTE (salaried) employees, sample surveyed. The reality of uncompensated labor is hardly documented; that would upset hyperactive productivity calculations.

What I wanted to note though was this other discrepancy in NFP monthly statistic: Current Population Survey (CPS), published by BLS also, showed a loss of 250,000 jobs and a decrease in the Civilian labor force of 211k.

That is interesting beside the increasing statistical significance of counting "marginally attached" employment in the labor force who are "not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey."

Diversity is the key to economic and political evolution.

by Cat on Fri Nov 2nd, 2007 at 07:52:25 PM EST
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