We're not talking profits and employment.
What we've associated here are stock valuations and employment. Something else we've associated is the timing, that an increase in stock prices is followed by a later increase in employment. It's very possible that the actual cause of both is some combination of new orders + falling inventories + soaring profits that all combines to first increase the stock price and then afterward force companies to hire.
It matters little; bottom line is still "the market is jobs".
see post 93 for direct refutation of your linkage analysis as being a “fact”. If the same fundamentals don’t exist, then historical analysis is useless.