Americans Are Working More & Sleeping Less – Demographics

The Department of Labor in June released a survey, called the American Time Use
Survey, on how much time Americans spend working, sleeping, and a host of other
activities. Nearly 10,500 people were surveyed by the Labor Department
nationwide for this latest report.

The survey found that Americans spent just over 4.5 hours each weekday working
in 2016, an increase of 8 minutes from the previous year. Meanwhile, the average
amount spent sleeping fell by 5 minutes from the year before, to 8.5 hours per day.
The survey results may not necessarily be representative of everyone, but for a
basic government report, it does give employers and economists a rough idea of
how we spend our day.

Such data may reveal that too much leisure time could be indicative of high
unemployment or even excess reserves for spending. While an increase in hours
worked may be an indicator of an increasing demand for workers.

Source: Department of Labor; American Time Use Survey June 2017


Disclaimer:

The information published herein is provided for informational purposes only, and does not constitute an offer, solicitation or recommendation to sell or an offer to buy securities, investment products or investment advisory services. All information, views, opinions and estimates are subject to change or correction without notice. Nothing contained herein constitutes financial, legal, tax, or other advice. The appropriateness of an investment or strategy will depend on an investor’s circumstances and objectives. Please consult your Advisor about what is best for you.

Share this article: