While U.S. citizens have been struggling with rising inflation over the past few months, corporations have reportedly netted record profits during the same period. Aftertax profits as a share of gross value added for nonfinancial corporations—a measure of aggregate profit margins—rose to 15.5 percent in the second quarter from 14 percent in the first quarter,…
US Corporations Rack Up Multi-Decade Record Profits Amid Rising Inflation
August 29, 2022
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Business & MarketsCompaniesCorporate Profitseconomyhigh inflationinflationlabor costsU.S. Bureau of Economic Analysis (BEA)USUS News
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American Corporations Rack Up Multi-Decade Record Profits Amid Rising Inflation
August 29, 2022
admin
Business & MarketsCompaniesCorporate Profitseconomyhigh inflationinflationlabor costsU.S. Bureau of Economic Analysis (BEA)USUS News
0 Comment
While American citizens have been struggling with rising inflation over the past few months, corporations have reportedly netted record profits during the same period. Aftertax profits as a share of gross value added for nonfinancial corporations—a measure of aggregate profit margins—rose to 15.5 percent in the second quarter from 14 percent in the first, according…
US News
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