New data (PDF) from the Bureau of Labor Statistics found that one-third of Americans worked from home in 2022, up from a quarter, or 25%, in 2019. The survey also found that Americans working full time from home worked 2.5 hours less a day than Americans at the office. Barron’s reports: Overall, the total civilian population worked for an average of 3.23 hours a day in 2022 down from 3.26 hours a day in 2019. The U.S. is 1% lazier. That number, given by the BLS, is the total population. Don’t forget, babies don’t work. […] As far as what Americans were doing with the time not spent working, TV watching stayed flat, socializing dropped, and gaming increased.
“Economics is complicated, but labor productivity is essentially the basis for economic gains,” writes Barron’s Al Root. “The economy is measured in dollars, but the dollar is just a unit of account. More output per worker is how living standards improve.”
“In a strange way, coming back to work is like an economic stimulus package. If people go back to the office, at a 2019 rate, and work 8.2 hours a day instead of the at-home 5.7 hours a day, the economy has just added roughly 800 million weeks of work, an 8% bump.”
“The findings will give management teams some momentum to bring workers back to the office,” adds Root.
