Bringing The World Home To You

© 2021 WUNC North Carolina Public Radio
120 Friday Center Dr
Chapel Hill, NC 27517
919.445.9150 | 800.962.9862
91.5 Chapel Hill 88.9 Manteo 90.9 Rocky Mount 91.1 Welcome 91.9 Fayetteville 90.5 Buxton
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Business & Economy

CFO Optimism Not As Strong

Chief Financial Officers are beginning to get nervous again about the economy.  That’s the latest from a quarterly report by Duke University and C-F-O Magazine. 

  Six months ago – C-F-Os were talking about increasing full-time employment by 2-percent over the next year.  Now it’s more like point-seven percent. Kate O’Sullivan is the deputy editor of C-F-O Magazine.  Despite falling optimism, O’Sullivan says things are looking up for people who already have jobs.

Kate O'Sullivan:  "Sixty-one percent of firms who cut workers hours will be increasing those hours back to pre-recession levels within the next year if they haven’t already."

And more than 40-percent of C-F-Os surveyed said they will restore 401-K retirement contributions.  Public and private companies are also spending money on capital improvements – which could eventually lead to increased employment. 

Related Stories
More Stories