Average Weekly Hours Worked, NFP Changes

December 8, 2009 11:20am by Barry Ritholtz

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

Chart via Office of Thrift Supervision

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The change is 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)

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

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