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Economic Commentary

Reducing Working Hours: American Workers' Salvation?

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In March 1991-the trough of the most recent recession-the civilian unemployment rate stood at 6.8 percent. Fifteen months into the recovery, that rate had increased to 7.8 percent, leading many in the media to decry the recovery as “jobless.”

09.01.1996EC 9/1/1996

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. This paper and its data are subject to revision; please visit clevelandfed.org for updates.

Suggested Citation

Fitzgerald, Terry J. 1996. “Reducing Working Hours: American Workers' Salvation?” Federal Reserve Bank of Cleveland, Economic Commentary 9/1/1996.

This work by Federal Reserve Bank of Cleveland is licensed under Creative Commons Attribution-NonCommercial 4.0 International