NEWS FLASH

Workers’ Earnings Show No Gains In 2012 | The average hourly earnings of American workers remained flat throughout 2012, according to new data released by the Bureau of Labor Statistics Friday. “Real average hourly earnings were unchanged, seasonally adjusted, from November 2011 to November 2012,” according to the report, and as a result weekly earnings were flat as well. After three consecutive months of losses, average hourly earnings increased by 0.5 percent in November. Wages as a percent of the economy are at historic lows, even as corporate profits are at record highs.