Inside December Jobs Report, Labor Force Hits 'Stunning New Low'
The news gets worse: less than half of the drop in unemployment rate can be attributed to new job creation -- the other half came from 260,000 Americans who have dropped out of the labor force altogether. This brings the percentage of Americans who are either employed or actively looking for work down to 64.3 percent, what economist Heidi Shierholz calls "a stunning new low for the recession."
Big Companies Set For Best Fourth Quarter Profit Ever
Even as unemployment remains high and Americans' finances slowly mend, big companies may be set for their most profitable fourth quarter on record.
Profits at S&P 500 companies are expected to have increased 20 percent between October and December, Bloomberg News reports. It would make for the best fourth quarter since Bloomberg started keeping records in 1992.
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