Exploring the Relationship Between Weekly Hours Worked and Average Hourly Earnings
Friday, 8 March 2024, 14:20
Exploring the Impact of Working Hours on Wage Trends
Heading into the report, strategists at TD Securities said a normalization of weekly hours worked after a drop in January should result in average hourly earnings decelerating, to just a 0.1% pace.
That's exactly what happened: earnings edged up 0.1% -- if you take it out to two decimals, 0.14% --.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.