People with Jobs See Pay Shrinking

Summary


WASHINGTON -- Americans lucky enough to still have a job are noticing something unpleasant in their paychecks: They're making less money.

Employers cut 467,000 jobs in June, far more than expected, and the jobless rate hit a 26-year high of 9.5 percent. Just as worrisome, wages shrank to their lowest in nearly a year.

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People with Jobs See Pay Shrinking

The bleak news Thursday from the Labor Department underscored one of the big threats to an economic turnaround: Rising joblessness and fal...

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