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Survey: CEOs Still Cautious on 2013 Hiring

Wall Street Journal (12/12/12) Eric Morath

A November survey of 143 chief executives by the Business Roundtable indicates that more respondents are optimistic about economic growth in the coming year, but uncertainty about the fiscal cliff has made a majority of chief executives hesitant to hire more workers or boost capital spending. Staffing levels will hold steady over the next six months for 42% of respondents, but 29% expect to shrink their work force. Regulatory, labor, and health care costs will be the biggest concerns of chief executives for the next six months.