Impact of Working Hours on Average Hourly Earnings: A Detailed Analysis
Friday, 8 March 2024, 14:20
Understanding the Decline in Wages due to Shifts in Working Hours
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% --
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