Top CEOs Expect to Cut More Jobs

By John Johnson,  Newser Staff
Posted Apr 7, 2009 6:36 PM CDT
Participants in a career fair wait in line to speak to employers in New York, Thursday, April 2, 2009.   (AP Photo/Seth Wenig)
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(Newser) – The unemployment rate now stands at a 25-year high of 8.5%, but the nation's CEOs say it's only going to get worse. Nearly three-quarters of the leaders of the nation's biggest companies expect to lay off more workers in the next 6 months, USA Today reports. That percentage—71%—is up 11 points from November and is the highest since the survey of the Business Roundtable began in 2002.