Quote:
Originally Posted by Slingin Sammy 33
LOTS more work to do. From BLS:
http://www.bls.gov/news.release/pdf/empsit.pdf
Over the past 12 months, average hourly earnings have risen by 1.8 percent. That's less than the annual inflation rate.
The number of long-term unemployed (those jobless for 27 weeks or more) was little changed
at 4.8 million and accounted for 40.1 percent of the unemployed.
The overall trend in the employment-population ratio for this year has been flat.
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Yeah, wages have been consistently stagnant (flat) for many years now and declined during the recession.