| Economic Event | Average Workweek |
| Units | Average hours of work per week |
| Current Period | Nov 2008 |
| Release Date | Dec. 05. 08 |
| Reported | 33.5 |
| Consensus for Current Period | 33.6 |
| Number of Forecasts | 22 |
| Economic Surprise | -0.1 ( -0.30 % ) |
| Prior Period | Oct 2008 |
| Reported Value for Prior Period | 33.6 |
| Revised From | |
| Next Release Date | Jan. 09. 09 |
| Next Release Time | 8:30 AM Eastern Time |
| Source | http://stats.bls.gov/news.release/pdf/empsit.pdf |
| Note | |
| Description | The average workweek (also known as hours worked) is important for two main reasons. One is that it is a key determinant of monthly indicators such as industrial production and personal income. The other is that it is a useful indicator of labor market conditions: a rising workweek early in the business cycle may be the first indication that employers are preparing to boost their payrolls, while late in the cycle a rising workweek may indicate that employers are having difficulty finding qualified applicants for open positions. |