Labor & Economic News Blog
Monday, May 08, 2006
Job growth weak, but hourly wages are up / Unemployment rate holds at steady 4.7% in April report
Job growth weak, but hourly wages are up / Unemployment rate holds at steady 4.7% in April reportBy Louis Uchitelle
Job growth slackened in April, the government reported Friday, but the hourly wages of ordinary workers jumped, and their pay is finally rising faster than inflation. The nation's employers added only 138,000 jobs, well below the average of 210,000 a...
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