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This morning, the Commerce Department announced that compensation earned by U.S. workers rose 0.3% in November -- the best increase since April.
The higher wages helped elevate total personal incomes by 0.4% last month -- the largest gain since May and inline with economists' expectations. Taking inflation out of the equation, after-tax disposable incomes increased 0.2%, while inflation-adjusted real spending increased 0.2%.
Continue reading U.S. Wage Growth Indicates Slow Turnaround May be Underway
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