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Wages still flat despite US economic boom

Although official unemployment rate has fallen to the lowest level in six years, labour market is not as tight as it suggests

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Since 2000, the 10 per cent of workers at the bottom of the payscale have seen their weekly pay shrink 3.7 per cent when measured against inflation, according to a recent study.

Washington

IT is one of the contradictions of the US economic boom: the unemployment rate has fallen to the lowest level in six years, but workers' wages have remained almost flat.

The anomaly is troubling enough that it has sparked questions about whether the economy's rebound

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