Released: January 04, 2014
2013: A great year for stocks, but a lousy year for workers
Source: Pat Garofalo - US News
At least for the markets, the Great Recession is very much in the rearview mirror. "2013 was a great year," wrote one financial analyst. "The year was far better than most pundits thought possible last January." However, that prosperity didn't exactly trickle down to the rest of America. Unemployment remained stubbornly high, ending the year at 7 percent, while real hourly earnings went basically nowhere, rising a measly 0.9 percent between Nov. 2012 and Nov. 2013.
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