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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. 

Leoneda Inge is WUNC’s race and southern culture reporter, the first public radio journalist in the South to hold such a position. She also is co-host of the podcast Tested and host of the special podcast series, PAULI. Leoneda is the recipient of numerous awards from AP, RTDNA and NABJ. She’s been a reporting fellow in Berlin and Tokyo. You can follow her on Twitter @LeonedaInge.
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