The New York Times reports that corporate profits have returned to near pre-recession levels. Of interest is the fact that while these corporations have compiled massive cash reserves they have failed to increase their hiring of new employees.
Full Article: Corporate Profits Near Pre-Recession Peak
Related Article: Robert Reich: The Great Decoupling of Corporate Profits from Jobs
A quote from the Article:
“Bottom line: Higher corporate profits no longer lead to higher employment. We’re witnessing a great decoupling of company profits from jobs.”