Survey: CEOs expect hiring, spending to grow

By TALI ARBEL, AP Business Writer

Associated Press June 14, 2011 07:41 AM

(06-14) 07:41 PDT New York (AP)

More than half of the chief executives of large U.S. companies said they expect to spend and hire more over the next six months despite slower economic growth.

The Business Roundtable said Tuesday that 51 percent of CEOs polled expect to increase hiring. Last quarter's level of 52 percent had been the highest since the trade group began surveying its members in 2002.

The survey began in mid-May and ended on June 3, the day the government released a May jobs report, which showed a steep pullback in hiring by employers. The unemployment rate rose to 9.1 percent.

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