Posted to Announcement on 10/11/2011 at 5:04 PM
PNC Survey Uncovers Short-Term Fears, Long-Term Optimism
With weak sales as a major challenge, four out of five U.S. small business owners will maintain or reduce their number of full-time employees over the next six months, and they see little value in proposed Federal incentives to create jobs, according to the PNC Economic Outlook survey’s newest findings.
Only 14 percent of businesses say proposed tax incentives will positively impact their hiring plans, PNC found, as owners’ expectations for sales and profits are significantly lower than last spring, ushering in renewed pessimism compared to six months ago.
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