Saturday, July 23, 2011

A boom in corporate profits, a bust in jobs, wages (AP)

In this July 22, 2011 photo, visitors walk through the tables of perspective employers at the Pittsburgh Career Fair in Pittsburgh. Strong second-quarter earnings from McDonalds and Caterpillar Friday, July 22, are just the latest example of a boom in corporate profits. But job growth is stagnant and unemployment is rising.(AP Photo/Keith Srakocic)AP - Strong second-quarter earnings from McDonald's, General Electric and Caterpillar on Friday are just the latest proof that booming profits have allowed Corporate America to leave the Great Recession far behind.


Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20110722/ap_on_bi_ge/us_booming_profits_scant_hiring

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