Business survey finds companies expecting to boost hiring

AP News
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Posted: Nov 17, 2015 3:57 PM

WASHINGTON (AP) — A survey of 500 chief financial officers at U.S. companies finds them optimistic about the American economy, with more than half of them expecting to hire additional employees next year, the highest level in eight years.

The annual survey sponsored by Bank of America Merrill Lynch says that the chief financial officers see rising health care costs and weak domestic demand as the biggest threats to company earnings. A strong dollar and weak global demand are viewed as lesser threats.

The survey found that the chief financial executives at companies with annual revenues ranging from $25 million to $2 billion were generally upbeat about economic prospects next year, with 54 percent saying they expected to hire additional full-time workers, while only 5 percent expect to lay off workers.