Langui re: "But here's the good news. Given the recent rebound in corporate profits the U.S. has already experienced, there is a very high chance that employment will get better over the coming twelve months. One can't stress enough the fact that employment is a lagging indicator:"
A very critical point to this equation is how Corporations are turning a profit. The majority of them are currently turning a profit by reducing overhead expense (reducing their compensation expense by laying off workers).
We will NOT see a positive effect on the employment #'s, until this formula includes Corporate profits being driven by a material increase in revenue (instead of expense reductions).