With hours devoted to work falling

A raft of forecasts has been made in recent decades, predicting the decline in the number of working hours coupled with a consequent increase in leisure time. It was estimated that the leisure revolution would take place by the turn of the last century with hours devoted to work falling to 25-30 per week.

Source: "IELTS test".

Could you check if I understand the meaning of "with" correctly here?
I think it has the following meaning from Longman dictionary.

used to say what position or state someone or something is in, or what is happening, when someone does something

She stood with her back to me.
We lay in bed with the window open.
She was knitting, with the television on.
with sb/sth doing sth
We jumped into the water with bullets whizzing past our ears.
Thanks.