Fortune 500 Profits Increase 81 Percent, Third Largest Gain EverMay 6, 2011 1:48 pm
We spotted this statistic today:
“Yesterday, Fortune magazine released its annual Fortune 500 list. Their press release came armed with a remarkable statistic: “The combined profits of the Fortune 500 increased by 81% — $318 billion — this year, the third largest percentage gain in the list’s history.” Compare that to the unemployment rate, which fell by just 8 percent over the past 12 months.”
We have written about how government measures unemployment rate before – so the unemployment numbers need to be taken with a pinch of salt.
Statistics Source: Ezra Klein