Black News

Corporate Profits Hit Record Highs But Black Unemployment at Record Highs Too

With all of the doomsday theories about the fiscal cliff and the dwindling American economy, most of us feel like it would be nice to receive some good news from Wall Street. Luckily, there is good news for once… if you’re a corporation. U.S. corporate profits are stronger than they have ever been. Corporate profits are even stronger than they were before the recession, which was the worst economic shock in the U.S. since the Great Depression.

Third quarter data from the gross domestic product report shows us that corporate earnings went up 18.6 percent from last year. The third quarter brought in 1.75 trillion dollars.

Read Original Article At Black Blue Dog

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