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October 22, 2014

Survey: Pay raises rarer despite strong U.S. hiring

By CHRISTOPHER S. RUGABER
AP Economics Writer

WASHINGTON — U.S. businesses were much less likely to boost pay in the third quarter than in previous months, even as hiring remained healthy, a sign that wage gains may remain weak in the coming months.

A quarterly survey by the National Association for Business Economics found that only 24 percent of companies increased wages and salaries in the July-September quarter. That's down from 43 percent in the April-June quarter and the first drop after three straight increases.


 
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