Rick Newman

Video: Why Profits Are Strong But Hiring Weak

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August 18, 2010 RSS Feed Print
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Corporate America is going gangbusters, beating profit expectations and racking up cash. But they're using little of that money to hire new workers. ABC invited me on its Good Money program recently to explain why companies still aren't hiring. Here's the clip: 

 

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Three words, explains it all. Thanks, ba-bye!

John Kerry of MA 7:58PM August 18, 2010

Rick Newman

Rick Newman

The global economy is mysterious, even scary. Chief Business Correspondent Rick Newman connects the dots. In addition to his writing for U.S. News, Rick is the co-author of two books: Firefight: Inside the Battle to Save the Pentagon on 9/11, and Bury Us Upside Down: The Misty Pilots and the Secret Battle for the Ho Chi Minh Trail.


Read Rick's latest blog entries here.

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