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July 15, 2010

Survey: Despite Earnings Boost, Most Firms Won’t Increase Hiring
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The Washington Post is reporting the nation’s major non-financial firms
have reserves of some $1.8 trillion—around a quarter more than
they had when the recession struck. Despite the higher earnings, most
executives don’t plan to increase hiring. In a survey of over 1,000 top
executives by Duke University and CFO magazine last month, nearly 60
percent said they don’t expect to bring staffing back to pre-recession
levels until 2012 or later. This despite forecasts of a 12 percent rise
in earnings and a nine percent boost in capital spending over the next
year.



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