US paychecks growing

Discussion in 'Economy' started by Truthmatters, Aug 10, 2012.

  1. Truthmatters
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    Growing Paychecks Boost Americans


    Americans’ paychecks in the first half of 2012 grew at the fastest pace in five years, pointing to an improvement in purchasing power that may help propel the economic expansion.



    Wages and salaries for all employees increased at a 4.8 percent annual pace from January through June after adjusting for inflation, the most since March 2007, according to calculations by Harm Bandholz, chief economist at UniCredit Group in New York, based on data from the Commerce Department. The pickup contrasts with last week’s Labor Department report that showed the smallest gain in average hourly wages on record.

    “What matters to people is the size of the paycheck,” said Stephen Stanley, chief economist at Pierpont Securities LLC in Stamford, Connecticut. “How much money you get in the bank, that’s what I care about.”
     
    Last edited: Aug 10, 2012
  2. Truthmatters
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    the republican partys lies are not working anymore
     
  3. Truthmatters
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    Im sure it pains you in the right Americans are making more and can now spend more
     
  4. hortysir
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    It is good news.

    No denying that.

    I know I'm going to kick myself for asking this, but who do you credit this to?
     
  5. Truthmatters
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    an improving economy
     
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    The right wing lies are losing steam
     
  8. hortysir
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    hortysir In Memorial of 47

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    What lies?
     
  9. Rat in the Hat
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    Rat in the Hat Gold Member

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    210 posts today, and climbing. :thup:
     
  10. Truthmatters
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    The stim didnt work


    The CBO has said it worked long ago.

    the right just wants to win power more than they want to see this country on a good footing
     

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