The phrase "aggregate hours worked" is correct and usable in written English.
It can be used in contexts related to work, labor, or project management when discussing the total amount of time worked by individuals or teams.
Example: "The report summarizes the aggregate hours worked by all employees during the last quarter."
Alternatives: "total hours worked" or "cumulative hours worked".
Of course, our exercise is silent about the distribution of aggregate hours worked within the working-age population.
As the first step in studying growth and hours worked in Spain over the period 1970 2015, we use growth accounting to quantify the contribution of TFP, capital deepening, and aggregate hours worked for the dynamics of output per working-age person.
And the increase in aggregate hours worked slowed some, signaling that worker productivity is still strong.
Aggregate hours worked — the product of employment and the length of an average employee's work — increased almost 3 percent.
Population is expected to grow about 1 percent in 2013, and that growth by itself tends to increase aggregate hours worked and employment.
Indeed, rising tax revenues, rising aggregate hours worked and rising employment don't usually occur in a recession, while business surveys suggest the UK is outperforming the eurozone rather than undershooting, as the GDP report suggests.
And the index of the aggregate amount of hours worked in the economy increased by about 2percentt.
Official unemployment sits at 8.9%, average weekly earnings have declined the last three months, and the aggregate number of hours worked grew a paltry 0.2% in February, after showing no improvement in January.
A concern with this index is that it uses aggregate weekly labor market hours worked by individuals this is a facet of the data.
In fact, if we want to model fluctuations of hours worked in the aggregate economy, the elasticity of labor supply should be estimated using aggregate data and not individual data.
Instead of plugging in aggregate variables like the number of hours worked or the level of retail sales, these new "dynamic stochastic general equilibrium" (DSGE) models were based on individual households and businesses that tried to do the best they could in a challenging world.
