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Bloomberg — Economy — Labor supply — Economics — Work Shift — Inflation

Americans Are Working Less Than They Were Before the Pandemic

Americans are working 30 minutes less per week than before the pandemic, leading to a shortfall of 2.4 million employees and spurring concerns about inflation. The decline in hours worked is not fully explained and could be related to a re-examination of the work/life balance.

1 min read
  • Americans are working 30 minutes less per week than before the pandemic.
  • This is equivalent to a shortfall of 2.4 million employees.
  • The drop in working hours is a significant factor in the low labor supply.
  • Wage increases are being spurred on by the labor shortage, raising concerns about inflation.
  • The decline in hours worked is not fully explained and could be related to a re-examination of the work/life balance.
Americans Are Working Less Than They Were Before the Pandemic
Americans are spending less time working than they did before the pandemic. That’s good for many of them, but it’s not necessarily great for the inflation-fighting Federal Reserve.
BloombergRich Miller

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