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Inflation still gave millions of workers a pay cut in October, despite slowdown

Por: Fox Business Business November 11, 2022

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Blue Line Capital president Bill Baruch reacts to stocks soaring after new CPI data shows inflation edging down, on 'Varney & Co.' The tightest labor market in decades is fueling rapid wage growth for millions of Americans, but painfully high inflation has quickly eroded those gains.  The U.S. Department of Labor reported on Thursday that average hourly earnings for all employees actually declined by 2.8% in October from the same... + full article



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