SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?


To: Kenneth E. Phillipps who wrote (11894)4/3/2004 9:10:32 AM
From: Kenneth E. PhillippsRead Replies (1) | Respond to of 81568
 
Fewer Hours at Less Pay. What does that indicate?



To: Kenneth E. Phillipps who wrote (11894)4/3/2004 9:13:55 AM
From: tontoRead Replies (1) | Respond to of 81568
 
It was only one month, but what a month it was. After a string of disappointing employment reports, the Labor Department reported Friday that the economy added 308,000 jobs in March, the best performance in four years and far exceeding the 100,000 that analysts had been projecting. The news got even better as the department revised data from earlier this year, showing that the economy added 87,000 more than previously reported.


Stock prices rose sharply and bonds fell on the report, which appeared to confirm at last that the long jobless phase of the recovery is over and bolstered President Bush’s ability to defend his economic program on the campaign trail.



To: Kenneth E. Phillipps who wrote (11894)4/3/2004 9:20:37 AM
From: ChinuSFORead Replies (2) | Respond to of 81568
 
Ken, we have to be patient and wait for a few more months. If these figures are lies then they will fall flat and Bush will not be in a position to face the wrath of the American people. If they are true, then he increases his chances for re-selection.

Bush has decided to take that gamble again as he did for WMDs,(finding no WMDs called his lie), preparation for the war on terrorism (Clarke called his lie), Iraq war (Paul O'Neill called his lie) etc. etc.

So join me please in waiting patiently. The "lie mill" is working overtime in the Bush WH.



To: Kenneth E. Phillipps who wrote (11894)4/3/2004 9:25:18 AM
From: tontoRead Replies (1) | Respond to of 81568
 
Kenneth you are wrong. The decline since 1999 is not in hours as you wrote, but instead in minutes. My oh my, you really can't stand the great employment report.

This may help you better understand the weekly hour averages...

On the decline in average weekly hours worked

Katie Kirkland

--------------------------------------------------------------------------------

How many hours per week do workers in the United States spend at their paying jobs? The answer can be found by examining two principal BLS surveys used to track the number of hours that Americans work per week. The Current Population Survey (CPS) shows that there has been little change in average weekly hours worked; from 1964 to 1999, there was a decline of 0.5 percent in the average weekly hours at work in nonagricultural industries. This statistic contrasts information on the average workweek from the Current Employment Statistics (CES) program, otherwise known as the "establishment survey" or the "payroll survey." Here, data show a long-term downward trend in the average length of the workweek. From 1964 to 1999, average weekly hours fell by a substantial 11 percent, from 38.7 to 34.5 hours, based on annual averages of monthly data.

Considering that most people do not differentiate between paid and unpaid work, it becomes clearer why these two labor economics surveys from the BLS report contradictory data on the workweek. The most apparent reason is that the two surveys use different sources of information, resulting in a variation in the type of data gathered.

The CPS survey is a household survey; the CES survey is an establishment survey. The CPS hours data is based on workers’ reports on the hours they actually worked and includes all jobs they held during the survey reference period.1 The CES survey represents employers’ reports on the employees’ paid hours of work. If a person works for more than one employer, the hours are reported separately for each. For example, in the CES a person working two part-time jobs of 20 hours a week is counted as having two 20-hour jobs, but in the CPS , the same individual is counted as one worker working 40 hours. In May 2000, 5.7 percent of all employed persons 16 years and older were multiple jobholders. Thus, the CPS is the appropriate survey to use to examine trends in a person’s average workweek, while the CES is used to examine trends in the average number of hours people spend at each job.