California's Weak Jobs Picture to Continue, Says CFO Survey

A survey released today by accounting firm Grant Thornton LLP finds that California CFOs and senior comptrollers still have a hesitant outlook on the state's job market. According to the survey--conducted by the firm nationally with 516 U.S. CFOs and senior comptrollers, and in California with 47 private and public companies--about 28 percent of California companies plan to increase hiring in the next six months, with 20 percent planning to decrease hiring. More than half--52 percent--said their headcount will remain the same over the next six months. The survey also found that 77 percent believe the U.S. economy will not recover until the second half of 2011 or later. Interestingly enough, 49 percent of those same California CFOs believe that their own companies financial prospects will improve over the next six months.