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Chart of the Day: Working Less

chart displays working hours from 2017 to today with an evident decrease following 2020

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Today’s Chart of the Day from Bloomberg is called, “Americans are Working Less.” After the pandemic, many are working fewer hours a week. The article suggests Americans are going through a “re-examination of the work/life balance” and that “this drop in working hours leads to contraction in labor supply and the shortfall keeps pressure up on wages," spurring inflation worry.