What's Wrong With America's Job Engine? - WSJ.com - 0 views
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Leslie Camacho on 28 Jul 11Over the past 10 years: * The U.S. economy's output of goods and services has expanded 19%. * Nonfinancial corporate profits have risen 85%. * The labor force has grown by 10.1 million. * But the number of private-sector jobs has fallen by nearly two million. * And the percentage of American adults at work has dropped to 58.2%, a low not seen since 1983. What's wrong with the American job engine? As United Technologies Corp. Chief Financial Officer Greg Hayes put it recently: "Sales have come back, but people have not.''