Thursday, August 23, 2012

Corporate Profits and Unemployment


 ~ Corporate profits have rebounded completely from the Great Recession. The employment picture is improving, but remains at levels not seen in 30 years. Apparently the rising tide is not lifting all boats as capital is buoyant in a way labor is not.

Federal Reserve graph of corporate profits versus unemployment rate

Corporate profits look like a hockey stick. The unemployment rate? Looks like workers have been pucked.

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