The Chief Executive Magazine CEO Confidence Index, which measures the confidence of chief executives about specific areas of the economy, rose 4.3 points in June to 160.8 according to 233 top executives surveyed.
Of all the component confidence measures that comprise the aggregate number-employment, investment and business conditions-the Employment Confidence Index was the one that saw the most dramatic increase, almost doubling the jump of the overall Index, rising to 8.2 points. In a sharp increase that hasn’t been seen since November 2006, 36.6 percent of the CEOs indicated that they plan to hire more employees in the next quarter.
Chief Executive’s CEO Index is viewed as a leading economic indicator-The CEO Index is viewed as a leading indicator-leading the government figures by approximately four months-thus pointing to a potential overheating of the labor market over the next quarter. As one CEO indicated, “This is an employee’s market.” That sentiment reflected the feelings of other CEO’s that employees have the upper hand in the current labor market.
Confidence in current market conditions was another area that experienced a strong increase; the Current Confidence Index rose by 4.3 points. Typical of executive confidence, Phillip J. Kuhlenbeck, CEO & Managing Partner of the JAYSA Group noted, “We are bullish on overall business conditions, investment opportunities and economic growth that the
Chief Executive Magazine also conducted additional polling to further examine the hiring dynamics inside corporate
“Although CEOs are uncertain of what the future holds, they definitely see strength in the economy right now and are filling out their organizations accordingly,” said Edward M. Kopko, CEO and Publisher of Chief Executive Magazine.
Among the academic focus areas deemed most valuable by CEOs were Economics/Business, Engineering, and Computer Science. Philosophy, Cultural Studies, and Biology ranked among the least valuable.
CEO Index, June 2007
Change from Prev Month
Current Confidence Index
Future Confidence Index
Business Condition Index
Invest Confidence Index
Employment Confidence Index
About the Same
As the Class of 2007 graduates which 2 academic backgrounds are MOST valuable to your business?
As the Class of 2007 graduates which 2 academic backgrounds are LEAST valuable to your business?
Please Click On The Image To View Employment Confidence Index vs. Employment