CEOs Predict More Hiring this Year

Financial World Update by Equities Magazine

Beverly Hills 4/08/2010 04:36 AM GMT (TransWorldNews)

A survey released on Wednesday by the Business Roundtable, a group comprised of the CEOs of major companies indicated that more CEOS plan on creating additional jobs than intend on cutting them.

 29 percent of the executives surveyed said they anticipate they will increase corporate payrolls over the next six months.  21 percent of the group expect to make further cuts while the remainder have no intention of making cuts or new hires.

The survey marks the first time in two years that more CEOs expressed intentions to expand their workforce rather than shrink it. In the final quarter of 2009 only 19 percent expected to hire new workers with 31 percent anticipating cuts. 

This new information is likely to change the approach of many who have continued to doubt the recession for the lack of job creation.  Friday, government reports revealed 162,000 jobs were added to the payroll in March, the biggest jump in three years.


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