Thursday, February 27, 2003


Is this how the depression started?

Although the demand for people has picked up, the number of people who are looking for work is ENORMOUS! Given that you are reading this, you've probably gotten to www.newyorkmetrotechnologyjobs.com because you're looking for work. What is going on in the labor market demonstrates very strong shifts yet again but one thing is certain--more people are looking for work now than 6 or 12 months ago.

The Street is still laying off more technical people than they are trying to hire. Some pharma firms are not in the market much because they are still trying to digest acquisitions. Management consulting? Only if you're in the industry. Contract consulting? Pathetic!

What do you think how the plot to this story will continue?

Jeff Altman
jeffaltman@cisny.com


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