Sponsored Content
« Good News/Bad News For Oliver Willis | Main | Oh, That Liberal Ombudsman »
June 08, 2004

Bang the Bell for Bessie: 60% of CEO's Expect to Hire More Workers

*tuk tuk tuk tuk*:

Fewer executives expected economic conditions 12 months in the futures to be better than now, at 59 percent compared with 69.6 percent in the first quarter.

But bear in mind, that's because current economic conditions are sizzling.

For that reason, the overall CEO Confidence Index fell to 111.9 in the second quarter this from 113.9 in the first, although it is up from 100 in the second quarter a year ago.

More than 80 percent expected revenues to increase over the next 12 months and more than 70 percent expected profits to improve -- roughly the same as in the first quarter.

As a result, 59.7 percent expected to hire workers steadily over the course of this year and almost half said higher wages would be the main method of retaining or luring employees.

"Firms planned in the second quarter to hire more employees, increase wages and spend more on investments in new productive capacity," said Richard Curtin, a consultant to TEC International on the survey and head of the University of Michigan's consumer surveys.

As for the Fed beginning to raise its official rate from a 46-year low of 1 percent now to 2 percent by the end of the year, 49.2 percent said there would be no impact on their business, while 41.1 percent said it would have a mild negative impact.

Confidence is a big part of this deal; we need it to sustain and extend the recovery. We also need it to get George W. Bush elected. It's all fine and dandy that he's creating jobs like gangbusters, but if the public doesn't "get" this fact, then it does him no good at the polls.

Rasmussen Reports that consumer confidence has climbed out of its trough to a multimonth high, rising eleven of the past twelve days.


Thirty-four percent (34%) of Americans now rate the economy as good or excellent. That's up from 31% before Friday's employment report. Since Friday, the number saying that the economy is in poor shape has fallen from 32% to 28%.

That's not much movement, but it is movement in the right direction.

Modest cowbell:

digg this
posted by Ace at 01:57 PM

| Access Comments

Recent Comments
San Franpsycho: "Good evening morons and thanks wd for all the meme ..."

Dr. T: "This post seems contemptuous toward the brave men ..."

BignJames: "Might I suggest that, one night the ONT should fea ..."

Archimedes: "Not only was the Titanic a dinghy compared to the ..."

zombie Kapitänleutnant Walther Schwieger: "My, such fat, juicy targets! ..."

Walter Freeman: "[I]@12: "... only comment section more Maoist than ..."

jewells45 fuck cancer: "Hi nurse! Hanging in there! ..."

nurse ratched : "Jewells! Hi there sweetheart! How are you? ..."

Tonypete: "Might I suggest that, one night the ONT should fea ..."

Taq, Rickrolled by Jesus: "Thanks WD. Imma read the content but first... ..."

mindful webworker - reading between the lines: "… Was trying to come up with a greeting, ..."

jewells45 fuck cancer: "Good evening! ..."

Recent Entries

Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64