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Day: August 5, 2023

Employers

Wage Gains Remain Strong

Reuters (08/05/23) Mutikani, Lucia The U.S. economy added fewer jobs than expected in July, but solid wage gains and a decline in the unemployment rate back to 3.5% pointed to continued tightness in labor market conditions. With the labor market still tight, wages continued to rise at a brisk clip. Average hourly earnings climbed 0.4%, matching the gain in June. That kept the year-to-year increase

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