Saturday, 5. June 2004
Topic: NEWS - on June 5, 2004 at 6:38:00 PM CEST
Investors worry job growth will hurt their profits
The increase in American job growth - nearly one million in the last three months - plus rising wages has corporate investors nervous that profit margins won't be as astronomically high as they have been recently.
"I think we know corporate profit growth can't stay at the rate we've seen in recent quarters," said economist Ethan Harris. "(Employers) have been squeezing the work force pretty aggressively ... and holding the line on wages."
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