Hoarding, Not Hiring – Corporations Stockpile Mountain of Cash

Hopes are running high that Friday's jobs data will bring happy news. Economists predict the Labor Department will announce that 190,000 jobs were added in March, according to a Reuters poll. If true, it would be only the second monthly payroll gain since the recession began in 2007. The forecast is especially optimistic, considering that ADP Employer Services reported Wednesday that U.S. companies had slashed a surprisingly high 23,000 positions in March. But even if labor's numbers turn out...Full Story