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Wall Street keeping a close eye on wages
Wall Street keeping a close eye on wages

The stock market moved sideways and down this week as investors sorted through a welter of conflicting data about the strength of the U.S. economic recovery: consumer spending up, inventories down, dollar stronger, output forecasts lowered. But, analysts said, the one place investors might check most carefully is closer to home: their own pocketbooks. The stubbornly microscopic upticks in wages in the face of strong job growth is becoming an increasing focus of attention of Wall Street analysts, who are parsing government data for signs that the six-year recovery that has flowed to shareholders and executives has trickled down to the shop room floor. A big reason Wall Street is...