Poll shows CEOs are less optimistic

[discocrisco01]

Source: Bloomberg

WASHINGTON — Confidence among chief executives fell this quarter for the first time in a year as their outlook on sales, employment, and the economy weakened, a private survey showed.

The Young Presidents’ Organization’s gauge fell to 57.5 in July from 61 in April, the Dallas-based group said. A reading higher than 50 shows more CEOs have a positive outlook than a negative one.

Sixty-two percent of the CEOs surveyed said they plan to hold employment steady in the coming year, while fewer expect to enlarge staffs. Companies hired fewer workers than forecast in July, a Labor Department report said last week.

“Employment growth in the United States is likely to remain in neutral for the foreseeable future,’’ said David Maney, spokesman for the survey and chairman of Headwaters MB, an investment bank in Denver


Read more: http://www.boston.com/business/articles/2010/08/11/poll_shows_ceos_are_less_optimistic/

---

Really? You are the ones that caused all of the jobs to be loss and started this "race to the bottom" that we are experiencing.