40% of US CEO's plan on cutting jobs in the next 6 months

this is pretty bad news, especially for the 16-25 demographic who are already facing over 50% unemployment.
CEOs still not ready to hire, spend-survey

BOSTON, Sept 29 (Reuters) - U.S. chief executives are not ready to step up hiring or capital spending, though a majority expect sales to rise over the next six months, according to a Business Roundtable survey released on Tuesday.

The survey said 40 percent expect to cut U.S. jobs over the next six months, compared with 13 percent who expect to add them. Some 35 percent expect to lower U.S. capital spending, more than the 21 percent who plan to raise it.

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