According to the latest Bay Area Council’s Business Confidence survey, 58 percent of CEOs and executives questioned believe local economic conditions have improved over the past six months, up from 36 percent three months ago.
Looking ahead, 63 percent said they expect a better Bay Area economy six months from now, a 16-point increase from last quarter.
Overall business confidence among the executives is at the highest level since July 2005, the group said. It registered at 62 on a scale of 100, up from 43 a year ago. The all-time low was 31 in January 2009.
29 percent of those surveyed expect to add staff in the next six months, 14 percent plan layoffs, and 55 percent expect no change. San Francisco’s unemployment rate was 9.6 percent in April (rates for May will be published in a week).
∙ Bay Area execs see bright business future [SFGate]
∙ San Francisco County Unemployment At 9.6 Percent In April [SocketSite]