Labor Hours Deployed
Labor Hours Deployed is a way of measuring employments based on total hours, not jobs.
- This methodology is popularized by David Stockman
How to Calculate
- Start with the population of 20-69 year olds
- Assume they could each work 2,000 hours per year
- Multiply to get the total hours available
- Divide the total hours worked by those available to get the deployed rate.
Importance
- More labor hours are essential to pay the taxes required to sustain government commitments and grow the economy