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The nation’s workers may be struggling, but American companies just had their best quarter ever.Start hiring already!
American businesses earned profits at an annual rate of $1.659 trillion in the third quarter, according to a Commerce Department report released Tuesday. That is the highest figure recorded since the government began keeping track over 60 years ago, at least in nominal or non-inflation-adjusted terms.
1 comment:
No hiring yet. They're waiting until they find out how much of that they get to keep. If they've got to pay another 4.7% tax on the largest annual profits ever, it's hard to say how much extra cash will be floating around for new jobs.
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