2014’s Economic Outlook

(WWLP) – Although businesses expect their companies to perform better in 2014, a new report shows it’s not well enough to afford hiring more employees.

That’s according to the National Association for Business Economics. The NABE released its January 2014 survey that shows only slightly more than a third of businesses — 37% — expect to create jobs this year.

The report shows most companies saw stronger sales in the final months of 2013, which is promising. But about 40% say they expect their companies to raise prices this year. We asked people who live and work here in Western Mass. if they’re still optimistic about the recovering economy despite these sub-par hiring projections.

“A much different world we live in today than we did 10 or five years ago, given the nature of technology and manufacturing capabilities,” said Easthampton resident Kevin Germain. “That changes the dynamic for a lot of people.”

The report also found businesses don’t think they’ll feel a major impact from the new health care law or the Federal Reserve as it eases its stimulus policies.

Comments are closed.