Posted: Dec 8, 2009 8:25 AM by Daniel Wagner
The CEOs of America's largest companies do not expect employment to significantly improve in the next six months.
A quarterly survey from the Business Roundtable found that 19 percent of companies expect to grow their work forces, while 31 percent predict a decrease in the next six months. That's slightly better than the 13 percent who saw increased hiring three months earlier, when 40 percent forecast a decrease.
The CEOs expect the overall U.S. economy to grow by 1.9 percent in 2010. That would mark a slowdown from the 2.8 percent pace in the third quarter of 2009. In more positive news, the number of CEOs expecting to increase capital spending nearly doubled, to 40 from 21 percent.
The number expecting sales to increase grew to 68 from 51 percent.