CEO Confidence Dip Won’t Stall Hiring This Year
04/07/2010
The Conference Board Measure of CEO Confidence, which had increased slightly in the fourth quarter of 2009, has dipped two points in the first quarter of 2010, to 62 from 64 at year's end 2009. Yet, it's not a huge drop and a reading of more than 50 points reflects more positive than negative responses, notes the Conference Board.
"CEOs continue to rate current economic and industry conditions favorably, but expectations are that the pace of growth will not pick up in the months ahead. Hiring plans are improved from last year, but less than a third expect employment levels to increase this year," says Lynn Franco, director of The Conference Board Consumer Research Center.
CEOs' assessment of current economic conditions is slightly less favorable, with 71 percent stating conditions have improved compared to six months ago, down from 75 percent last quarter. When it comes to assessing their own industries, business leaders' attitudes improved, with 59 percent claiming conditions are now better, compared with 54 percent last quarter.
Looking ahead six months, CEOs are slightly less optimistic. Approximately 52 percent of business leaders expect economic conditions to improve in the next six months, down from 58 percent last quarter. Expectations for their own industries are also less optimistic, with 42 percent of CEOs anticipating an improvement in the months ahead, down from 45 percent last quarter.
However,m more than 30 percent of CEOs anticipate an increase in employment levels in their industry, up significantly from less than 3 percent a year ago. The proportion of CEOs who anticipate a decrease in hiring plummeted to 22 percent from 86 percent a year ago.
Project Announcements
Oldcastle APG Plans Lancaster, South Carolina, Operations
05/10/2025
Vantive Plans Deerfield, Illinois, Headquarters Operations
05/10/2025
SkyWest Airlines Plans Shreveport, Louisiana, Maintenance Operations
05/10/2025
Hissho Sushi Plans Rock Hill, South Carolina, Headquarters-Distribution Operations
05/09/2025
Nelson Brothers Expands Walker County, Alabama, Operations
05/04/2025
Kimberly-Clark Expands Aiken County, South Carolina, Distribution Operations
05/04/2025
Most Read
-
Run a Job Task Analysis
Q4 2024
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
The Location Economics of Advanced Nuclear
Q1 2025
-
Why Workforce Readiness Can’t Wait
Q1 2025
-
Power, Policy, and Site Selection in 2025
Q1 2025
-
Is It Time to Start Planning for Quantum Data Centers?
Q1 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024