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Falling worker pay shows up in new stats

By Implode-Explode Heavy Industries

" t?s true that many workers are still getting pay increases. But there are enough pay cuts out there that, according to the Bureau of Labor Statistics, the average cost of employing workers in the private sector rose only two-tenths of a percent in the first quarter of this year ? the lowest increase on record. Since the job market is still getting worse, it wouldn?t be at all surprising if overall wages started falling later this year."

Full post as published by Mortgage Lender Implode-o-Meter on May 04, 2009 (boomark / email).