Jobs growth has lagged profits, revenues

0
40

A U.S. flag flutters in the wind in front of a sign for a McDonald's restaurant in Los Angeles in this April 4, 2011 file photo. Credit: Reuters/Mario Anzuoni/FilesEmployment growth at the largest U.S. companies has lagged far behind increases in revenue and operating profit since the start of the century, as firms reaped the benefits of globalization, technology, and other ways to operate more productively, according to a Reuters analysis of corporate data.

From 2001 to 2013, inflation-adjusted revenue at 100 of the largest publicly traded companies grew 71 percent and inflation-adjusted operating profit rose 150 percent. Global headcount reported in company financial filings rose 31 percent.

Their headcount grew faster globally than overall employment in the United States, but it is unclear from corporate disclosures how much of the hiring took place outside the United States.

Read More At Reuters.