US corporate profits up 13.9 percent on cost-cutting and low wages - World Socialist Web Site
▻http://www.wsws.org/en/articles/2017/05/09/econ-m09.html
US corporate profits up 13.9 percent on cost-cutting and low wages
By Barry Grey
9 May 2017
Former Obama administration officials joined the Trump administration and the media in hailing the April employment figures released Friday as proof that the US economy has reached “full employment” and essentially completed its “recovery” from the Great Recession.
According to the Bureau of Labor Statistics, the US economy added 211,000 private-sector non-farm jobs in April and the official jobless rate dropped to 4.4 percent, the lowest level in more than a decade.
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