Rising profit in the U.S. boosts dividend and cash but not hiring
Profit is increasing for many U.S. companies, but the benefit isn't flowing through to the labor market or the broader economy, economists said. The strengthening profit comes from cost cutting, and the money is being paid out as dividend or held on the company's books as cash, rather than being invested. Profit increased 40% between the end of 2008 and the first quarter of 2010, but wages are close to their recession low.
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