Archive: https://archive.today/TPNux From the post: >>As U.S. corporate profits rise and the stock market hits new highs, investors are reaping the rewards. Yet beneath the surge, companies have cut nearly 1 million jobs this year — the most since 2020, when the pandemic slammed the economy. The disconnect between soaring company earnings and mounting layoffs amounts to what Chen Zhao, chief global strategist at investment research firm Alpine Macro, calls a "jobless boom." Typically, layoffs accelerate when companies are struggling with declining profitability and need to pare costs.