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IPFS News Link • Economy - Economics USA

Mish: Wages and Salaries Fell 4.7%, Most On Record

08-06-2009 • Michael Shedlock / Mish

Wages and salaries, which drive recoveries in spending, fell 4.7 percent in the 12 months through June, the biggest drop since records began in 1960, according to Commerce Department figures released yesterday.

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Reported By Jack Gregson

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Mish: Wages and Salaries Fell 4.7%, Most On Record

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