Aggregate Hours

Filed Under »
Dictionary Says

Definition of 'Aggregate Hours'

The sum of the hours worked by all employed people, either full or part time, during the course of a year. Aggregate hours can also refer to the total hours worked by one sector or group of workers.
Investopedia Says

Investopedia explains 'Aggregate Hours'

Aggregate hours is a measure of the total labor required to produce real GDP. Because it reports a total number of hours, it generally provides a better measure for total labor than the number of people employed. Between the overtime hours, part-time and full-time jobs, the number of people employed cannot provide as accurate a quantifiable measure of total labor.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Real Gross Domestic Product (GDP)

    An ...
  2. Aggregate Supply

    The total supply ...
  3. Aggregate Demand

    The total amount ...
  4. Natural Unemployment

    The lowest rate ...
  5. Full Employment

    A situation in ...
  6. Macroeconomics

    The field of ...
  7. Net National Product - NNP

    The monetary ...
  8. Rule Of 70

    A way to ...
  9. GDP Price Deflator

    An economic ...
  10. Nominal GDP

    A gross domestic ...

Articles Of Interest

  1. Explaining The World Through Macroeconomic Analysis

    From unemployment and inflation to government policy, learn what macroeconomics measures and how it affects everyone.
  2. The Importance Of Inflation And GDP

    Learn the underlying theories behind these concepts and what they can mean for your portfolio.
  3. Economics Basics

    Learn economics principles such as the relationship of supply and demand, elasticity, utility, and more!
  4. Economic Indicators To Know

    The economy has a large impact on the market. Learn how to interpret the most important reports.
  5. Is Your Stock Headed South?

    Don't let your portfolio go with it! Find out which signs to watch out for.
  6. How Globalization Affects Developed Countries

    The increase in communications technology has companies competing in a global market.
  7. An Introduction To The PIIGS

    Learn which countries are included in the PIIGS and why they are grouped together.
  8. An Evaluation Of Emerging Markets

    Get the full story on this asset class before you write it off as too risky.
  9. Trading Around Key Options Indicators

    Learn the key economic indicators to help predict market movement.
  10. Standard Of Living Vs. Quality Of Life

    What is the difference between a standard of living and quality of life? Find out in this breakdown.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center