Writers of economics textbooks like to remind us that official
employment and GDP data are not very good measures of how hard we work
or of the goods and services we produce, but what alternatives do we
have? One little-noticed alterative is the annual
American Time Use Survey
from the Bureau of Labor Statistics, which provides 24/7 coverage of
the activities of the civilian population aged 15 and older. The BLS
released the 2011 survey last Friday. Comparing it to the 2007 data
provides an interesting perspective on how the Great Recession has
affected our lives. >>>
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