Skip to comments.Fewer US CEOs planning to expand, hire (It's the "fiscal cliff" stopping them)
Posted on 09/26/2012 11:13:17 PM PDT by 2ndDivisionVet
A survey of U.S. chief executives shows a sharp drop in the number of large companies that plan to add jobs or hire more workers.
The Business Roundtable said Wednesday that only 29 percent of its member CEOs plan to increase hiring over the next six months. That's down from 36 percent in June, when the group last released its quarterly survey. It's also much lower than the 52 percent of CEOs in early 2011 who said they planned to boost hiring, the highest percentage since the survey began in 2002....
(Excerpt) Read more at bradenton.com ...
The technical term is “regime uncertainty.”
Why I saw Diane Sawyer on ABC last night gushing over retail stores hiring temp workers for the Season.
They are going to average $7/hr. and 15% will get to stay on as permanent employees.
Halleluiah ! The recession is over , Thank you O Great One !
Every single business owner I know (and I know a lot of them) are hurting, many to the point of having to close their businesses because of the economic turmoil, heightened regulations which only increase costs, raised payroll taxes, market instability, etc...in addition to the coming Obamacare nightmare. The guy has got to go. He’s America’s bad luck charm.
Remember the cone of silence from “Get Smart”?
I heard a radio guy call our situation the cone of uncertainty. This was in ‘09. Hasn’t changed.
I’m in the employment business. They are not spending on capital improvement projects either. The trickle down effect from Omoron is killing the industry jobs.
The federal minimum wage is $7.25/hr., so they’d better average more than $7.