Average Workweek
Average Workweek
This index displays the average length of a working week during a month. It is used as a factor for long-term analyses, for example to indicate employment in a country. It is considered to be a determinative factor in the calculation of the Industrial Production and Personal Income indicators which are released later. These indicators have a strong and direct influence on market conditions although the Average Workweek in its pure form almost has no influence at all.
It is released on the first Friday of every month at 08:30 EST (New York) together with Non-Farm Payrolls.
