New data Average Weekly Hours (Jul)
8/2/2024
actual 34.2, previous 34.3
The event is the release of the "Average Weekly Hours" data for the month of July in the United States. The actual value reported is 34.2 hours, which is a decrease of 0.1 hours compared to the previous period. The market consensus or estimate was 34.3 hours, so the actual value came in slightly below expectations. This data point is considered to have a low impact on the market. The Average Weekly Hours metric is important as it provides insight into the average number of hours worked per week by employees, which can be an indicator of labor market conditions and overall economic activity.This is not investment advice. Remember to verify the information provided here.
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