High-paid Americans, young workers, and females work fewer hours despite low unemployment, suggesting "quiet quitting" could lower average workweeks to pre-pandemic levels.

High-paid Americans, young workers, and females are working fewer hours than before the pandemic, despite a near 50-year low unemployment rate and increased hiring. According to ADP, the average workweek in 2023 reached the lowest point in five years. This drop in hours isn't due to layoffs or job switching, indicating that "quiet quitting" among higher earners may be driving average workweeks to pre-pandemic levels.

February 24, 2024
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