From: Paul Zarembka (zarembka@BUFFALO.EDU)
Date: Wed May 19 2004 - 23:01:21 EDT
I haven't analyzed it but the consumer price index went up 14.4% from
9/1997 to 12/2003 (http://data.bls.gov/cgi-bin/surveymost) and
employment increased 6.3%
(ftp://ftp.bls.gov/pub/special.requests/lf/aat1.txt). Are you wanting
attribute the balance to an increase in s/v?
Paul
*************************************************************************
Vol.21-Neoliberalism in Crisis, Accumulation, and Rosa Luxemburg's Legacy
RESEARCH IN POLITICAL ECONOMY, Zarembka/Soederberg, eds, Elsevier Science
********************** http://ourworld.compuserve.com/homepages/PZarembka
On Wed, 19 May 2004, Allin Cottrell wrote:
> Sorry if this has been discussed and I missed it, but I'm wondering if
> anyone has an analysis of the recent surge in corporate profit in the
> USA.
>
> Here are the first-quarter figures for the last few years (choice of
> quarter makes little difference), plus the latest few observations,
> for the variable cpatax ("Corporate Profits After Tax with Inventory
> Valuation Adjustment and Capital Consumption Adjustment, Billion $,
> seasonally adjusted at annual rate") as available from the St Louis
> Fed:
>
> 1999:1 593.2
> 2000:1 551.8
> 2001:1 536.7
> 2002:1 698.6
> 2003:1 713.2
> 2003:2 811.3
> 2003:3 893.7
> 2003:4 961.9
>
> The 2003:4 figure stands 50% (!) above the previous peak (before a
> downturn at the end of the '90s), of 641.5 in 1997:3.
>
> --
> Allin Cottrell
> Department of Economics
> Wake Forest University, NC
>
>
>
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