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September 01, 2020 1:37pm
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One puzzle in the jobs report: a wage slowdown as unemployment rate falls to a near-50-year low

In an otherwise solid jobs report, one question that emerged is why wages slowed down at the same time the unemployment rate declined to a near 50-year-low. Average hourly earnings in the 12 months ending September fell to 2.9%, down from 3.2% in August.
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