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U.S. corporate profits set to decline this year: The Conference Board

Surging labor costs and slower revenue growth may lead to a drop in this year's U.S. corporate profits, according to a new report from The Conference Board. Industries relying on blue-collar workers - including food service, manufacturing, and agriculture - could be hit the worst due to worker shortages. The Conference Board U.S. Chief Economist Gad Levanon joins Yahoo Finance's Akiko Fujita.