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Fewer U.S. CEOs plan to hire, boost spending

WASHINGTON — A survey of chief executives shows fewer large U.S. companies plan to hire or boost spending in the next six months, reflecting a weaker U.S. economy.

The Business Roundtable says 36 percent of its CEO members plan to add workers over the next six months. That’s down from 42 percent when the survey was last taken three months ago.

Only 43 percent say they plan to step up spending on machinery, computers and other large goods, down from 48 percent. Most CEOs still expect sales to increase in the next six months.

The gloomier outlook follows a sharp pullback in hiring over the past two months, which has raised concerns that the economy could be slumping after a fast start.

One comment

  1. It is good when speaking of domestic hiring to show that many of these same CEOs and companies are expanding globally and raking in profits, even as they get large tax breaks for job creation.

    People need to understand that the free market push is more about building the corporate profit than building a domestic workforce. Once journalists point this out, people will stand against those $3 trillion in breaks over these few years. Think of the budget deficit? Seems like a good place to cut.