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Is recession out?

 
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Is recession out? Or still there??
What is the scene in India?

Its seeming to be java openings there in the companies.
But only 2+ yrs experience.
When the market is gonna booming up??
Any idea?
 
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Well companies have slowly started hiring but it will take some time ( no one knows how much ) for those boom days to come back.
 
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Companies have been hiring for the last 6 months, at least. Any experience level / role / platform / technology that you are looking for ?
 
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First, unemployment indexes are generally a lagging indicator, so whether the recession is done or not doesn't indicate that the jobs are back. Although, being out of the recession is good.

Second, although I am seeing jobs -- meaning that friends of mine, who has been out of work, seems to be re-entering -- the overall numbers still look bleak IMO. Where I am, unemployment is just below 10 percent. This is better when compared to last month. However, compared to last year at this time, it was just over 5 percent.

On top of that, this improvement could be caused by the seasonal jobs -- the temporary jobs during the holiday.


Regardless, IMO, the numbers to look for is the holiday spending numbers. How the retailers do this holiday season, should be an indicator of spending confidence, which if positive, generally leads to hiring.

Henry
 
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