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Economy and Business


Business owners optimistic
Hiring sees slight increase
by WKSU's KABIR BHATIA


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Kabir Bhatia
 
Business owners' expectations for their companies
Courtesy of PNC
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A survey of small Ohio businesses shows that cautious optimism is replacing fear of falling sales.  WKSU's Kabir Bhatia has more on how the economic recovery is trickling through the Buckeye state...
 

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Business owners' outlook on the economy

PNC Bank's spring 2011 survey shows that small business owners are slowly climbing out from the dregs of the Great Recession.  They’re more likely to hire and less likely to layoff than they were six months ago.
David Churbock is vice-president of Cage Gear & Machine in Canton, and says his company is hiring for the first time in three years.

According to the PNC survey, about 15 percent of small and mid-sized companies expect to hire full-time employees in the next six months. That’s up from just 6 percent last fall.
On a potential downside – at least for consumers – a third of the businesses plan to raise prices, mostly to cover greater energy costs.  But PNC senior economist Robert Dye says he expects fuel prices to drop in the second half of this year.
 


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