Companies see record profits even as jobs creation is stagnant

New data released on Friday reveals very little economic growth over the first half of the year. This likely means unemployment remaining high and little chance of the housing market showing any signs of recovery in the near future, much to the chagrin of economists. Corporations, on the other hand, are seeing record profits but hoarding of those profits is only making the housing and unemployment situation worse.

Read the original article here:

Slow-Growth GDP, Unemployment Culprit: U.S. Companies Hoarding Cash

Companies see record profits even as jobs creation is stagnant by Harrison Barnes