Economic EventAverage Workweek
UnitsAverage hours of work per week
Current PeriodJun 2009
Release DateJul. 02. 09
Reported33
Consensus for Current Period33.1
Number of Forecasts32
Economic Surprise-0.1 ( -0.30 % )
Prior PeriodMay 2009
Reported Value for Prior Period33.1
Revised From 
Next Release DateAug. 07. 09
Next Release Time8:30 AM Eastern Time
Source http://stats.bls.gov/news.release/pdf/empsit.pdf
NoteThe Average Workweek for this month is the lowest level on record for the series, which began in 1964.
DescriptionThe 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.
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