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Wages fell in December

by Matthew Yglesias
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Employers added 252,000 jobs in December
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The jobs news in December’s jobs report was mostly good, but there was a disturbing fall in average hourly wages.

This is especially painful because wage growth had been holding steady at a too-low level throughout several years of recovery. We’d hoped to be asking ourselves when we would break out from this set point and see growth. Instead we saw the opposite.

See More:

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