Many questions have come up of course recently about how the stock market can show signs of job growth. Now, I will not call myself an expert at this, but this is an opinion based on my years in this business and past recessions. Some key points have been the strength in the DOW to stay over 8k over the last few months. Now, also the volume of trades has increased tremendously which certainly shows signs that investors are starting to get back in the game.
The overall economic situation show signs that the rate of economic decline is abating which leads to assumption that the slump should end by late this year. Emerging economies have generally
weathered the recession better than developed ones and seem likely to have stronger
recoveries. Thanks to aggressive stimulus, the US and China should be first to recover.
So, with all that being said, I can see companies feeling more confidence in hiring when stabilization in the DOW pushes above the 8500 mark and we see the financial sector starting to open up the check books for business loans. Short and sweet...look for job growth to increase by end of 2009 and early 2010. Keep the faith and use all your resources to find work....remember, most companies will hire project, temporary's, and contract labor before full time employees. Find a great staffing firm like SkillStorm or StormStaff and let them do their best to help you find work.
Brian Brown
EVP
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