Many economists watch how many hours companies give employees to work as an indicator of how well the local economy is doing. the good news is that Oregon appears to be rebounding from a low of 35.5 hours back in March. Here is an excerpt from the Oregon Biz Report, definitely worth reading

A closely watched measure of state economic activity is average weekly hours for manufacturing production workers. This monthly indicator has been available for Oregon for many years. The measure was close to 40 hours per week in early 2008 but then dropped rapidly as the recession took hold. Its low point was reached in March 2009 at 35.5 hours per week, which was by far the lowest reading in more than seven years.

During the second quarter of 2009, the manufacturing workweek staged a partial rebound, gaining ground in each of the three months to reach 37.9 hours per week by June (Graph 1). The average workweek would need to expand by about one additional hour to reach a more normal figure of 39 hours per week.

You can read the whole story at The Oregon Biz Report here

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