But it is certain that French workers will not accept a large cut in weekly wages.

ECONOMIST: Labour markets

For employment to rise as work hours fall, Mr Fitzgerald reckons, weekly wages must decline proportionately more than work hours.

ECONOMIST: Labour markets

Mr Fitzgerald calculates that, if weekly wages fall by 12.5%, exactly matching the reduction in hours worked, and if output per man-hour remains the same, then employment would actually decline slightly.

ECONOMIST: Labour markets

In 2002, California became the first state to enact a paid family leave act, allowing employees to take six weeks' leave and up to 55% of their weekly wages, with a benefit cap, to care for a newborn or newly adopted child.

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The employer must withhold state and federal income taxes and social-security taxes from the nanny's wages weekly and remit them to the various tax authorities every quarter, as well as dealing with the agencies that run unemployment-insurance and injury-insurance schemes.

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August jobs data (the unemployment rate, change in nonfarm payrolls, wages and weekly hours) and the ISM services index will be published on Friday.

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