BUSINESS

Why Wages Just Fell By A Penny

Sep 11, 2012 | Updated Nov 11, 2012

NEW YORK (CNNMoney) -- When the government report on job creation came out last week, economists were quick to note a worrying point: average hourly wages in August dropped by a penny.

Though one cent may not sound like much, the drop underscores a broader trend: Amid sluggish growth and stubbornly high unemployment, wages just aren't rising very quickly.

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