Survey: CEOs expect hiring, spending to grow

More than half of the chief executives of large U.S. companies said they expect to spend and hire more over the next six months despite slower economic growth.

The Business Roundtable said Tuesday that 51 % of CEOs polled expect to increase hiring. Last quarter's level of 52 % had been the highest since the trade group began surveying its members in 2002.

The survey began in mid-May and ended on June 3, the day the government released a May jobs report, which showed a steep pullback in hiring by employers. The unemployment rate rose to 9.1 %.

The survey drew responses from 135 CEOs.

Business Roundtable represents CEOs from the nation's 200 largest companies, which have had "pretty steady" hiring plans in recent months, said the group's chairman, Ivan Seidenberg, who is also the CEO of Verizon.

Read Full Article from USA Today

- Posted: 2011-06-14 13:29:59

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