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Thursday, February 21, 2008
Worker Earnings Continue Decline
According to yesterday's BLS Real Earnings report, for the fourth month in a row, workers saw a year-over-year decline in their paychecks. In January workers saw their pay drop by 0.5% from Dec. 2007 and 1.4% from Jan. 2007.
Although a recession has not been officially declared, for millions of wage earners it certainly feels like one.
(click to enlarge)
Posted by Craig Jennings
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