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Consumer spending fell in April; first drop in nearly a year

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WASHINGTON _ Americans cut back on their purchases in April for the first time in nearly a year as their income remained essentially flat, a potentially bad sign for an economy that depends heavily on consumer spending.

New college graduates find job market unwelcoming

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Jackie Carter had it all mapped out. She would attend college year-round and graduate early, land a job in criminal justice, start paying off student loans, move into her own apartment and invest in her first smartphone.

Economy