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US hiring lags even as economy outpaces rivals

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US hiring lags even as economy outpaces rivals

Post by Guest on Sun Apr 03, 2011 9:26 am

Companies are producing and profiting more than when the recession began, despite fewer workers. They're hiring again, but not fast enough to replace most of the 7.5 million jobs lost since the recession began. Yet after shrinking payrolls, many companies found they could produce just as much with fewer workers. And with that higher productivity came higher profits. By July-September quarter of 2010, U.S. corporate earnings were 12 percent more than when the recession began.

http://hosted.ap.org/dynamic/stories/U/US_GLOBAL_ECONOMY_TRACKER_JOBS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-03-31-00-25-38


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