Just released from the Bureau of Ecomomic Analysis:
"Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) increased $57.3 billion in the second quarter, compared with an increase of $19.0 billion in the first quarter. Current-production cash flow (net cash flow with inventory valuation adjustment) -- the internal funds available to corporations for investment -- increased $83.8 billion in the second quarter, compared with an increase of $21.1 billion in the first.
"Taxes on corporate income decreased $3.0 billion in the second quarter, in contrast to an increase of $17.6 billion in the first."
invite response
Just released from the Bureau of Ecomomic Analysis:
"Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) increased $57.3 billion in the second quarter, compared with an increase of $19.0 billion in the first quarter. Current-production cash flow (net cash flow with inventory valuation adjustment) -- the internal funds available to corporations for investment -- increased $83.8 billion in the second quarter, compared with an increase of $21.1 billion in the first.
"Taxes on corporate income decreased $3.0 billion in the second quarter, in contrast to an increase of $17.6 billion in the first."
See: http://www.bea.gov/newsreleases/national/gdp/2011/pdf/gdp2q11_2nd.pdf
So where are the jobs?