The average work week rose from a record low of 33.0 hours to 33.2 hours and average hourly earnings increased, all signs that employers are getting more out of current employees before hiring new ones.
Economics, as a branch of the more general theory of human action, deals with all human action, i.e., with mans purposive aiming at the attainment of ends chosen, whatever these ends may be.--Ludwig von Mises
Friday, December 4, 2009
Unemployment Rate for November: 10.0%
The unemployment rate improved from the 26-year low reported in October and even the broader measure of "underemployment" - including discouraged workers and those settling for part-time work instead of full-time - was better, falling from last month's all-time high of 17.5 percent to 17.2 percent.
The average work week rose from a record low of 33.0 hours to 33.2 hours and average hourly earnings increased, all signs that employers are getting more out of current employees before hiring new ones.
The average work week rose from a record low of 33.0 hours to 33.2 hours and average hourly earnings increased, all signs that employers are getting more out of current employees before hiring new ones.
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