DOL: More employers cutting hours as economy slows — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

DOL: More employers cutting hours as economy slows

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With business slowing, many employers are choosing to trim employees’ hours rather than completely eliminate jobs … at least so far.

According to the U.S. Department of Labor, unemployment has held relatively stable, but the hours worked by the average private-sector U.S. employee declined in March (to 33.8 hours), compared to six months earlier. The last time the hours-worked index moved into negative territory was February 2001, when the economy was on the doorstep of a recession.

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