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Consumer spending, wages flat in may

Jun 30, 2012 | Posted by |

Lake Keowee Real Estate News – Lake Keowee homes for sale – Lake Keowee News – Lake Keowee Waterfront property for sale – Lake Keowee Waterfront Real Estate for Rent – Cheaper gas helps, but job growth key – By Martin Crutsinger – Washington – U.S. consumers spent no more in May than in April after seeing almost no growth in April after seeing almost no gains in their pay. The lack of growth in consumer spending and wages suggests that a faltering job market is slowing the economy. The Commerce Department said Friday that consumer spedning was unchanged in May. income growth edged up 0.2 percent, but that was mostly because of gains from investments. Wages, the largest component of income, were essentially flat….

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