Weekly wages decrease for the 12th month in a row

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Weekly wages dropped by 2.5 percent in September compared to a year ago, the 12th straight month in which wages have been down.

In other economic news, the number of new people signing up for unemployment benefits last week dropped. Even with the decline, new claims totaled 461,000 — a figure associated with deep troubles in employment conditions.

Indeed, the four-week moving average of jobless claims is at a seven-year high. And, the number of people continuing to collect jobless benefits rose to 3.7 million, the highest since late June 2003, when the labor market was still struggling to get back on its feet after the 2001 recession.

http://ap.google.com/article/ALeqM5jsanM66...vWS7zAD93RK6QG3

[spookyturtle 9,466]

That will be another item to add to the punchilist for the next president. How many pages is the list now?