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Profits up, people worried.

From Business Today:

There is an economic recovery going on right now - for businesses - but workers are gloomy about the lack of hiring. Two local companies reported amazing results on Thursday. Gibraltar, which has seen some hard times lately, said sales jumped 30 percent in the previous quarter. Astronics reported profits were up 43 percent. And this morning, Moog announced an 18 percent hike in earnings. Businesses across the country are reporting similar strong results.

Meanwhile people are really worried about finding and keeping jobs. What's going on here?

It seems companies have learned a valuable and potentially catastrophic lesson: they don't need as many employees as they thought they did. Unless we start a whole bunch of new companies, that spells real trouble for our economy.

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