bitterlyclingin
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- Aug 4, 2011
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over 66 percent expect that the size of their workforce will either stay the same or decrease over the next year
Posted by William A. Jacobson Friday, August 19, 2011 at 12:52pm
Those are the findings of a survey of CEOs by ChiefExecutive.net (h/t @billhobbs):
Unemployment numbers remain consistently high and CEOs are wary of future business conditions. In fact, chief executives are so pessimistic that over 66 percent expect that the size of their workforce will either stay the same or decrease over the next year according to Chief Executive magazines CEO Confidence Index for August 2011.
Of those who plan to hire, most will do so in a limited way; 74 percent of hiring CEOs will increase their workforce by less than 10 percent. This does not bode well for the 9.1% of US workers who were unemployed in July.
Whats driving the pessimism? A big part of it is Obamacare:
The ranking of hiring-inducing priorities that were ranked important to extremely important were as follows:
1.Backlog of work or increased revenue 88.2 percent
2.Evidence of economic expansion 77.2 percent
3.Repeal of Health Care Reform or eliminate uncertainty over its provisions 71.6 percent
4.Reduction in government regulation of business 62 percent
5.Government holds line on debt ceiling 56.3
6.Reduced corporate tax rate to OECD average 54.3
7.Balanced federal budget 53.9
8.Govt passes all free trade agreements without delay 48.8
9.Repeal Dodd-Frank or eliminate uncertainty over its provisions 48.2
» “over 66 percent expect that the size of their workforce will either stay the same or decrease over the next year” - Le·gal In·sur·rec·tion
Posted by William A. Jacobson Friday, August 19, 2011 at 12:52pm
Those are the findings of a survey of CEOs by ChiefExecutive.net (h/t @billhobbs):
Unemployment numbers remain consistently high and CEOs are wary of future business conditions. In fact, chief executives are so pessimistic that over 66 percent expect that the size of their workforce will either stay the same or decrease over the next year according to Chief Executive magazines CEO Confidence Index for August 2011.
Of those who plan to hire, most will do so in a limited way; 74 percent of hiring CEOs will increase their workforce by less than 10 percent. This does not bode well for the 9.1% of US workers who were unemployed in July.
Whats driving the pessimism? A big part of it is Obamacare:
The ranking of hiring-inducing priorities that were ranked important to extremely important were as follows:
1.Backlog of work or increased revenue 88.2 percent
2.Evidence of economic expansion 77.2 percent
3.Repeal of Health Care Reform or eliminate uncertainty over its provisions 71.6 percent
4.Reduction in government regulation of business 62 percent
5.Government holds line on debt ceiling 56.3
6.Reduced corporate tax rate to OECD average 54.3
7.Balanced federal budget 53.9
8.Govt passes all free trade agreements without delay 48.8
9.Repeal Dodd-Frank or eliminate uncertainty over its provisions 48.2
» “over 66 percent expect that the size of their workforce will either stay the same or decrease over the next year” - Le·gal In·sur·rec·tion