The Fortune 500 — the biggest companies in America — boosted their earnings a whopping 335 percent in the last year. It’s the second biggest jump since the list began in 1955.

But soaring profits aren’t quite a reason to celebrate. Record gains for America’s most profitable companies come after a year of record losses. The Fortune 500 shed 834,000 jobs last year — the biggest cutbacks in its history.

Continue reading this article over at ABC News, and check out their video below.

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