Average Weekly Hours Worked, NFP Changes

Two more interesting charts related to NFP (Our earlier chart collection is here).   

The only sectors showing real growth in employment are Education, Health Care and Government employees (i.e., Census takers for 2010)

CHANGE IN TOTAL NONFARM EMPLOYMENT

December 2007 through October 2009

CHANGE-NFP-Sector.PNG

Chart via Office of Thrift Supervision

The change in hours worked appears to be part of a longer term secular trend. Regardless, this is just ugly, even with the recent improvements:

Average Weekly Hours: Total Private Industries (SA, Hrs)

Average-Weekly-Hours-Total-Private-Industries.PNG

Chart via Asha G. Bangalore, Northern Trust Global Economic Research


Originally published at The Big Picture and reproduced here with the author’s permission.
 
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