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The national unemployment rate dropped to 4.5%, providing further evidence of the strength and stability of the economy. Average hourly wages also increased, with the last 12 months showing a 4.1% increase in income. Both of these figures are positive indicators that the economy continues to perform well, although they also are indicators of increased inflation risk, which could lead to higher rates if the trend continues, especially with the spike in oil prices (gasoline, much to my dismay, was well over $3.00 a gallon yesterday).
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Unemployment Rate Down, Wages Up