Revealing Look at Hours Worked and the Number of Employees Working Those Hours

Courtesy of Mish.

Inquiring minds may be interested in a set of charts that show trends in hours worked. The charts are as of the latest job numbers from Friday, October 3, 2014.

Index of Aggregate Hours All Private Employees

The index of aggregate weekly hours of all employees is at a new all-time high. The data only goes back to 2007 so let’s also take a look at hours worked by production and monsupervisory employees.

Index of Aggregate Hours Production and Nonsupervisory Employees

The indexes are formulated by multiplication of the number of employees by the average number of hours worked. So let’s take a look at both sub-components.

Average Weekly Hours of Production and Nonsupervisory Employees

Number of Production and Nonsupervisory Employees

…