Per Bloomberg Law
The average US workweek saw an over half an hour drop over the last three years
4/24/2023
Before the pandemic started, the average US workweek was reportedly up by over half an hour compared to the total hours today. The new research was conducted by the former Bureau of Labor Statistics Commissioner Katharine Abraham and Lea Rendell, her University of Maryland colleague.
However, the report also highlighted a labor shortfall, equivalent to 2.4 million workers. Fed senior associate director of the division of research and statistics, Stephanie Aaronson, gave a statement regarding the situation regarding weekly hours.
Aaronson: the weekly hour change is "a very significant part of the story why labor supply is so low,”
Yongseok Shin, a St. Louis Washington University professor, gave a statement regarding the job reduction compared to 2019. Three groups were highlighted to have reduced workweek hours.
- Educated young men
- High earners
- Workaholics
These three groups reportedly saw their workweek hours decrease from 55 in 2019 to 52 hours today. Shin also gave a statement regarding the situation, mentioning how the situation was more prone for those with access to remote or hybrid work.
Shin: "Nobody will notice if you call it a day a little bit earlier on a Friday,”
In fact, the recent rise of people working from has resulted in an increase in weekday golfing. Recent data showed how the number of people that played golf on weekday afternoons increased by 83% from August 2019 to August 2022.
Wednesday at 4 PM became the peak time for weekday golfing, with researchers saying that more people had additional time for "leisure activities."
Recently, Americans also started working less than they did during pre-pandemic levels. When it came to the group with the most side hustles, a report found that parents with children under 18 and younger adults were the most likely to have side hustles.
The report also found that Americans earned an average of $5,700 annually, or $473 monthly, from side hustles.
See flow at unusualwhales.com/flow.
Other News:
- Working from home has created a boom in weekday golfing
- Americans are working less than they did pre-pandemic,
Resources:
FEATURED NEWS
Trump to invoke wartime Alien Enemies Act of 1798 to carry out deportations
3/13/2025 Trump's first month in office showed federal spending of $603 billion in February — $36 billion...
3/13/2025 US Postal Service: We plan to reduce workforce by 10,000 employees in next 30 days through a vo...
3/13/2025 Trump: We are going to make a deal for Greenland
3/13/2025
Stay Updated
Subscribe to our newsletter for the latest financial insights and news.
+With Unusual Whales
Get the best broker for options trading and earn $5,000 in cash with an eligible account deposit at tastytrade. Get $50 when you deposit $2000. Offer expires 3/31/25. Certain restrictions, terms and conditions apply.
Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.