All the stock market scares and talk of economic turmoil ahead hasn’t translated to the balance sheet for businesses in Chester County and across the state.

Though 58 percent of small and mid-sized business owners are pessimistic about the national economy — for which PNC Bank estimates a 20 percent likelihood of recession — they aren’t planning on much change in hiring or profits, according to a survey for PNC reported in the Philadelphia Business Journal by Jeff Blumenthal.

“While the pace of job creation will vary by region across the state, moderate income gains and stable housing markets are more consistent statewide,” the article explained. “Labor resources among the state’s largest local economies have stabilized and should soon help to ease business owners’ concerns regarding skilled labor availability. Universities and hospitals continue to support stable income and employment trends.”

PNC’s bi-annual phone survey was conducted by Artemis Strategy Group in January and February.

Besides the stock market, presidential election rhetoric also factored into the survey results, and 60 percent of respondents expressed dissatisfaction in the candidates for the Oval Office.

Read much more about the survey results in the Philadelphia Business Journal here.