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Story summary
- Jim Paulsen, a veteran strategist, warns of a "jobless economic expansion" where job growth stalls while profits rise.
- Flat job growth coincides with corporate profits reaching a record $3.7 trillion at the end of last year.
- Paulsen says the trend, if it persists, may prompt the Federal Reserve to adjust policy, including cuts.
- Other economists note a broader era of "jobless growth" driven by advancements in AI.
