Even if consumers aren’t feeling confident about the economy, businesses are.
According to a new survey, Bay Area CEOs and executives are feeling much better about the local economy, despite the fact that California’s economy remains one of the worst in the nation.
The Bay Area Council interviewed 473 CEOs and top executives from all over the nine counties during the month of November, only to find that 47 percent think Bay Area economic conditions are better now than they were six months ago.
They are even more optimistic about the next six months with 53 percent saying they expect more improvement.
But all of this optimism won’t necessarily turn into more jobs. The survey indicates that a majority of executives expect their work forces to remain the same during the next six months and only 27 percent said they planned to increase their workforce.