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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: redfish who wrote (3421)4/2/2004 12:38:38 PM
From: GraceZ  Read Replies (1) of 116555
 
Seems to me the most probable explanation is increase in part time jobs vs. full time (otherwise how could a larger number of people working result in fewer hours worked?).

It's typical actually for hours worked to drop as companies hire more employees. Before companies hire new workers they rely on their existing workers, giving them more hours and overtime basically because they are uncertain about how long the increased need will exist (it's expensive to hire and then fire). Once they start hiring new workers the overtime gets reduced. My husband has been working weekends for the last three years because his company is reluctant to hire more permanent employees, relying on overtime and temporary workers. It's far more expensive to hire new employees than it is to simply solve whatever staffing problems you have with existing workers or temps especially when you think the up turn is temporary or the economic environment uncertain.
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