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From CNN Money

Quote:But, despite the lower unemployment rate, workers' average wages rose just 2 cents, or 0.1 percent, to $16.79 an hour, less than the 0.3 percent rise forecast by economists and well below the revised 0.5 percent increase seen in July

From the Economic Policy Institute:

Quote:For low- and middle-wage workers, as well as those with a high school degree, real wages fell last year by 1%-2%. Those at the top of the wage scale experienced marginal gains, and real wages were essentially unchanged for college graduates.
The decline in real wages for these groups of workers was the result of a variety of factors. As shown in an earlier analysis, nominal wage growth slowed over the past few years as the slack in the job market ultimately slowed the momentum coming out of the full-employment job market of the latter 1990s. Inflation was also a factor last year, as energy costs drove prices higher (on average for the year, inflation was up 2.7% in 2004 and 3.4% in 2005). Thus, nominal wages needed to grow that much faster to beat price growth.

Quote:Job gains in the payroll sector came from the service sector, including 43,000 jobs in professional and business services, of which 15,000 were temp workers. An increase in temp hiring can signal employers are expecting a slowdown, but it is too soon to tell whether this is behind last month's increase. Local government added 30,000 jobs in the education sector, and health care continued its relentless expansion, up 23,000 last month. Jobs in health care represent 11% of private employment, yet they have accounted for 33% of job growth during this recovery.
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