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Strategies & Market Trends : Trend Setters and Range Riders
MSFT 478.53-1.0%Dec 12 9:30 AM EST
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To: Bob Biersack who wrote (15052)4/5/2002 8:51:37 AM
From: Bob Biersack  Read Replies (1) of 26752
 
Manny post**08:39 ET Aggregate hours worked picking up
The best measure of the broad employment situation is aggregate hours worked, which combines payrolls and workweek data. Though payrolls were revised lower in Feb, the workweek was revised higher, and we have now seen two straight monthly increases in aggregate hours worked. In Q4, hours worked fell at a 3.8% pace but GDP nevertheless rose due to strong productivity growth; in Q1, hours worked fell just 0.4%, indicating that another GDP increase will be seen in Q1 as productivity growth remains solid.
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