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Jobless Recovery in U.S. May Boost Company Profits as Productivity Surges

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AND THIS IS GOOD NEWS HOW?
Ian Morris, chief U.S. economist at HSBC Securities, projects the economy will expand at a 4 percent to 6 percent pace this quarter, according to Bloomberg. That means worker productivity may exceed the second quarter’s 6.6 percent jump, which was the biggest gain in almost six years. “This is set to flow straight into the corporate bottom line,” he said in an e-mail to clients. That indicates the “strong” earnings for companies in the Standard & Poor’s 500 Index in the three months to June will continue this quarter, he said."
SOURCE:   Bloomberg

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