Wages Fall At Record Pace

| July 03, 2013


The National Memo | Davd Cay Johnston | Read article Hourly [U.S.] wages fell 3.8 percent in the first quarter, the biggest drop since the BLS began tracking compensation in 1947. Productivity rose half a percentage point. The result was that what economists call “labor unit costs” fell 4.3 percent.


The National Memo | Davd Cay Johnston | Read article

Hourly [U.S.] wages fell 3.8 percent in the first quarter, the biggest drop since the BLS began tracking compensation in 1947. Productivity rose half a percentage point. The result was that what economists call “labor unit costs” fell 4.3 percent.

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