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
  • LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

Employers cutting hours as economy slows

Get PDF file

by on
in Human Resources

With business slowing, many employers are choosing to trim employees’ hours rather than cut jobs—so far, according to new U.S. Department of Labor stats. Unemployment hasn’t jumped dramatically, 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. A similar dip occurred in August 1990, a month into a more severe downturn.

Leave a Comment

Previous post:

Next post: