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Chief executive officers in the U.S. are feeling more confident about the economy, with more of them planning to add rather than cut jobs over the next six months, a Business Roundtable survey released on Wednesday found.
The change in mood (CEOs had been inclined toward cutting jobs for about two years) marked an important shift for an economy struggling to regain its footing after its worst downturn since the Great Depression of the 1930s.
The retail sector is leading the charge toward hiring as consumer spending begins to pick up, according to the quarterly survey which was reported by ABCNews.
Twenty-nine percent of U.S. CEOs told the Roundtable they plan to add jobs in the United States over the next six months, more than the 21 percent who planned to cut. That marked the first time since the first quarter of 2008 that more planned to add jobs than cut them.
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