A recent survey of CEOs from the largest companies in the United States revealed that fewer firms were planning to hire over the next half year.
The Associated Press reports that a survey of The Business Roundtable found that just 36 percent of the leading executives in the country said their companies would bring on more employees or increase spending over the next six months. The figures are lower than the same survey conducted three months ago, when 42 percent stated plans to hire.
Part of the problem, according to Boeing CEO Jim McNerney, is that many companies aren't convinced that the recovery will be strong enough to warrant bringing on more staff members. McNerney, who is chairman of the Roundtable, also pointed to Europe's financial crisis and lawmakers' inability to work together.
"We have yet to regain faith that the process will deal with it," McNerney said, according to the source.
There has been other negative news when it comes to hiring in the U.S. According to figures fro the Labor Department, the number of jobs available during April fell by 325,000 compared to the month before.
Content provided by executive search organization, MRINetwork.