Sunday, July 12, 2009

United States Full Time Becomes Part Time

The latest June report had a decline in hourly work hours. This decline to an average work week of 33 hours (down 0.1). This is getting to the point where the U.S. is trailing the average work week of France.

Average work week salary also declined from $613.34 to 611.49. A couple bucks doesn't seem like much on an individual comparison; however when you add up the numbers it can very well lead to a jobless recovery.

Without consumer spending which is 70% of the United States economy; a jobless recovery seems to be more and more apparent.

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