Business

Fewer US CEOs expect hiring dip over next 6 months

WASHINGTON — A survey of US chief executives shows the number of large companies that plan to add jobs or hire workers is essentially unchanged versus three months ago, though fewer expect hiring to fall.

The Business Roundtable said Wednesday that 29 percent of its member CEOs plan to increase hiring over the next six months, the same as in September when the group released its previous quarterly survey.

But only 29 percent expect hiring to decrease versus 34 percent in the previous report.

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CEOs are slightly more pessimistic about their future sales, capital spending, and the overall US economy, amid uncertainty over the impact of budget cuts and tax increases that are set to take effect at the start of next year.

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Chief executives are worried about the pending US budget changes, known as the fiscal cliff.

Earlier this month, all the Roundtable members delivered letters to the White House and to congressional leaders urging a compromise that includes more revenue, even if it means raising tax rates, and structural and benefit changes to social programs.

Associated Press