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CEOs of big companies foresee no pickup in hiring

CEOs of big companies foresee no pickup in hiring
By CHRISTOPHER S. RUGABER, AP Economics Writer – 29 minutes ago

WASHINGTON (AP) — Two-thirds of chief executives of the largest U.S. companies don’t plan to hire in the next six months, mainly because of sluggish growth in the United States and financial turmoil in Europe.

The Business Roundtable said Tuesday that about one-third of its member CEOs expect to add employees and spend more on large equipment in the next six months. That’s little changed from three months ago.

The group predicted in its quarterly outlook survey that the economy will expand 2 percent next year. That’s not enough to produce job growth. Instead, existing employees will be expected to handle any increased business.

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