Recovery in Working Hours Lags Behind

Indexes showing changes in the number of hours worked per capita and the employment rate show that both have bounced faster in the wake of COVID-19 than in the Great Recession. The number of hours worked has lagged behind because the workforce participation rate is still lower than in 2019. On both indexes, a value of 100 is the same as the average in 2007. (To see a specific data point, tap or hover over that area of the chart.)

Chart: Investopedia Source: Federal Reserve Bank of St. Louis
Investopedia