The Business Roundtable, an influential lobbying group comprised of top US executives, said Wednesday that its CEO economic outlook index has climbed to the second-highest level on record, behind only early 2018 when the Trump tax cuts were enacted
Companies are even more eager to hire workers today than they were following that tax windfall. The influential executive group said the sub-index measuring CEOs’ plans for hiring surged to a record high during the second quarter.
Some companies, including manufacturers and restaurants, have complained of a shortage of workers. The United States has a record number of job openings
, which totaled 9.3 million as of April.
Business leaders also have ramped up their plans for capital spending and expectations for revenue. CEOs are now projecting the US economy will grow at a brisk annualized pace of 5% this year, up from just 3.7% previously.
“CEO optimism near historic highs, particularly with…