Only 4.2 Jobs Created for Each Million Dollars Profit

Private job openings per million dollars corporate profit continues its catastrophic decline. For each million dollars in profit gained by a corporation, only 4.2 jobs are created. This is 73.9% lower than April 2011 and 93% than four years ago in April 2008. Essentially, although companies are making more money, they are essentially not creating jobs with increases in profitability.

Jobs Per Million Dollars Corporate Profit Held Steady in February

The number of private job openings for each million dollars of corporate profit stayed even at five. It is now only .1 above the all-time low set in December 2011.

–Data from the St. Louis Federal Reserve