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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: GraceZ who wrote (51827)	1/27/2006 6:36:03 PM
From: Mike Johnston	Read Replies (1) of 110194

And Newsday had this, "Real wages across Long Island fell during the past three years, leaving residents with declining incomes once they accounted for rising prices for everything from gasoline to health care to food." "In Nassau County, real average weekly wages fell 3.2 percent between the first quarter of 2002 and the first quarter of 2005, according to data collected from the regional Bureau of Labor Statistics and analyzed by Newsday. In Suffolk, the drop was 4.2 percent over the same period, while Queens saw a 3.7 percent decline." "The declines were widespread, in industries ranging from construction and manufacturing to leisure and hospitality and transportation. In Suffolk County, every industry saw wage declines except one. professional and business services, the data showed." thehousingbubble2.blogspot.com

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