August 29, 2013
WHY SHOULDN'T THEY...:
Second-Quarter Growth Revised Upward (JONATHAN HOUSE, 8/29/13, WSJ)
The nation's gross domestic product, the broadest measure of goods and services produced in the economy, grew at a 2.5% annual rate in the second quarter, an upward revision from an initial estimate of 1.7% reported last month, the Commerce Department said Thursday. Economists had forecast a revised second-quarter growth rate of 2.2%.Corporate profits rose 2.6% in the second quarter from the first, indicating companies should be in a better position to add workers and increase investments in the months ahead.
..lay off employees and drive their profits higher?Posted by Orrin Judd at August 29, 2013 3:53 PM
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