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NEVER BEEN BETTER Corporate Profits Hit All-Time High As Unemployment Crisis Rolls On

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NEVER BEEN BETTER Corporate Profits Hit All-Time High As Unemployment Crisis Rolls On

Post by Quiethawk on Fri Mar 25, 2011 6:17 pm

http://www.huffingtonpost.com/2011/03/25/corporate-profits-2011-all-time-high_n_840538.html
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Re: NEVER BEEN BETTER Corporate Profits Hit All-Time High As Unemployment Crisis Rolls On

Post by Jen on Fri Mar 25, 2011 6:22 pm

But while the financial sector continued to recover from its 2008
meltdown -- with profits jumping some $51 billion in the fourth quarter,
a gain of 51 percent over the previous quarter -- non-financial firms
actually saw profits fall by roughly $10 billion, according to the BEA
figures.
So, it's just the financial firms that produce nothing and just steal for a living. Evil or Very Mad
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Re: NEVER BEEN BETTER Corporate Profits Hit All-Time High As Unemployment Crisis Rolls On

Post by Jen on Fri Mar 25, 2011 6:28 pm

But, economists said, companies may have squeezed as much as they can
out of workers, with a decline in profits for non-financial companies in
the fourth quarter of last year suggesting that to improve production,
companies will have to start hiring seriously again.
Part of the reason, said Reaser, was that although high productivity
drove down labor costs, persistent unemployment and pinched consumers
left companies unable to charge the higher prices needed to boost
profits. More companies will start pushing more aggressively to improve
profit margins this year, she said.

In order for those efforts to pay off, she said, many companies will have to start hiring -- and keep hiring.
I hope they are right about the hiring.
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Re: NEVER BEEN BETTER Corporate Profits Hit All-Time High As Unemployment Crisis Rolls On

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