Has economic growth made us time-poor?
Recent economic growth has led to a drop in joblessness, but the number of those with work still looking for additional income remains at double-digit rates, which may explain why some people work more than the 48 hours a week deemed as “decent” by the International Labor Organization. For 2009-2015, the average pay for wage and salary workers has increased, but so has the number of those working excessive hours, leaving less time for family and leisure.
National government fiscal performance
STATE MOVES to crank up spending in a bid to nudge economic growth to a higher plane pushed last year’s fiscal balance closer to the program — and the deficit-to-gross domestic product (GDP) ratio to its highest in six years — even as most targets were missed, official data showed. Read the full story.
