Such weak profit growth generally equates with low hiring.
"The loss of momentum in the U.S. economy has been palpable, but what looks to be a soft patch in yet another 2 percent year for real economic growth now has the potential to morph into something more painful," RBC Capital Markets economists Tom Porcelli and Jacob Oubina said in a report.
In such an environment, companies unable to expand their top lines likely will focus on cutting expenses to achieve profits.
Monday, April 29, 2013
Why the Jobs Outlook Just Got a Whole Lot Worse
Why the Jobs Outlook Just Got a Whole Lot Worse
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