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Improving Job Market? Myth or Fact?

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Media today are reporting that it seems the job market is improving, because the number of people losing their jobs is going down.  Does this statement really make sense. For me personally it throws up a big  question-mark-button-thumb3049744

Isn’t this eventually just the natural course. If people get laid off left and right for over a year, there eventually has to be an end to it or companies must close doors because they do not have anybody anymore to do the work.

So may organizations today operate with a bar minimum number of employees and they can just not afford to lay anymore people off, without it impacting their business even more negatively.

According to the Labor Department and CNN employers cut 345,000 jobs from their payrolls in May — 32% fewer than the previous month. But as long companies do not start hiring people back I do not see an improvement but more of a stagnation in the job market.

I for myself have to say, I have not seen any improvement, but rather a worsening. April, May and June have been so slow in regards to finding new opportunities (contract or full time) it has become real scary. I had more activity the end of 2008 and the beginning of 2009 in two weeks than I had in the last twoandahalf month. And if somebody like I, is out of work for more than a year and unemployment is about to run out it is frustrating, depressing and scary at the same time.

CV Picture This has been another of Oliver Schmid‘s Brain Spills.

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About Oliver Schmid

Experienced IT executive with over 20 years of global experience and demonstrated success in driving IT value, business and IT, reducing overall costs, and quickly executing and delivering business solutions. Member of the International Association of Outsourcing Professionals (IAOP)

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