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Wage growth hits 2.4 percent

from National Retail Federation

Average hourly earnings grew by 2.4 percent during October, according to the National Retail Federation. The U.S. economy grew by 3 percent over the last two quarters and unemployment sits at a 17-year low, which indicates that wage growth is still somewhat tepid. The NRF forecasts that wage rates could grow slowly in the coming months. more

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