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US Economy Stronger Than Expected

Tony Alicea
Desperado
Sheriff

Joined: Jan 30, 2000
Posts: 3222
    
    5
From the BBC:
"The US economy has grown by 2% during the first three months of 2001 - twice as fast as analysts had predicted."
http://news.bbc.co.uk/hi/english/business/newsid_1300000/1300496.stm

Tony Alicea
Senior Java Web Application Developer, SCPJ2, SCWCD
manav kher
Ranch Hand

Joined: Nov 21, 2000
Posts: 98
yeah but that is due to strong growth in sectors like housing and manufacturing etc...IT still SUCKS!!
-manav
Tony Alicea
Desperado
Sheriff

Joined: Jan 30, 2000
Posts: 3222
    
    5
So make sure you don't make the mistake of staying here after finishing at the Univ. of Maryland
England looks better.
manav kher
Ranch Hand

Joined: Nov 21, 2000
Posts: 98
where do u want me to go? i don't think i like the brits too much..too stiff for my liking :-)
Tony Alicea
Desperado
Sheriff

Joined: Jan 30, 2000
Posts: 3222
    
    5
Ha ha! I used to think the same way until I met brit... SE´┐ŻOR MARCUS GREEN!
He has a sense of humor almost as good as mine!
Eric Barnhill
Rancher

Joined: Feb 25, 2000
Posts: 233

A number of sectors were doing better than expected, for example auto sales plunged earlier but made a surprisingly quick comeback. When people are buying on the dips, it's not a recession just yet.
Besides, manufacturing and housing are key indicators...when you say it still sucks, to what to you refer?
Alex Ayzin
Ranch Hand

Joined: Apr 10, 2001
Posts: 107
Hey everyone.
Nothing for nothing, but what matters most to us is IT, and here in NY job-market is COMPLETELY DEAD for 4 months now, majority of consultants (myself included) were let go, start-ups go belly-up every day. Rate for consultant with 3-4 years of real Java exp. J2EE, EJB, JSP and Servlets went from $100 - $110per/hour
to $45.00. Yep, rates dropped 2,5 times. As a career consultant of 7+ years, as speak from experience and hate to say it, but it's gonna be hell now getting a job this summer, boys and girls .
We need another 6-8 months to ocmpletely recover from this crisis. Sorry to paint such dark picture, but reality is a reality.
Alex Ayzin
Tony Alicea
Desperado
Sheriff

Joined: Jan 30, 2000
Posts: 3222
    
    5
And reality is a personal thing... a matter of what affects you at this moment and place in time.
I personally think that $110/hr was high. The market is adjusting to REALITY.
Welcome back.
Raghav Mathur
Ranch Hand

Joined: Jan 12, 2001
Posts: 641
good news .... i think this , this will help to be a good url for those who are the authors of all those anti- java topics


Raghav.
John M. Gabriele
Ranch Hand

Joined: Feb 18, 2001
Posts: 232
NOSHA KHAN
Greenhorn

Joined: Mar 27, 2001
Posts: 5
If you visit cnnfn.cnn.com regularly, you can see that market is improving. NASDAQ roses 15% during April.
Can we relate the job market with that?
If market continues to improve like this, approximately how much time we can expect the Job Market to get better?
Can we expect that good time on IT professionals will be back soon?
Can Java H1 holders expect to be called by their companies very soon?
John, Tony and Marcus what is your point of view?
NOSHA KHAN
Greenhorn

Joined: Mar 27, 2001
Posts: 5
If you visit cnnfn.cnn.com regularly, you can see that market is improving. NASDAQ roses 15% during April.
Can we relate the job market with that?
If market continues to improve like this, approximately how much time we can expect the Job Market to get better?
Can we expect that good time on IT professionals will be back soon?
Can Java H1 holders expect to be called by their companies very soon?
John, Tony and Marcus what is your point of view?
John Coxey
Ranch Hand

Joined: Oct 24, 2000
Posts: 503
Views on marketplace:
Things are definitely picking up. Dure to: first, the stock markets and positive economic reports. Secondly, it's spring and the job market normally seeks an increase in activity at this time.
From my perspective: Phone calls are up since last Tue/Wed. Have been averaging 2 phone calls per day now. Also, recruiters (corporate and headhunters) are starting to call.
It's not great - but it is an improvement.
--------
Regarding the H1B mess. Who knows? There are alot of Americans looking for work right now. I went to job fairs last week here in Denver and they were totally swamped.
A good many defense projects comming down the pike. I guess there is a race to get satellites in orbit. Most defense companies can only hire US-Citizens. Also, alot of the projects deal with C/C++.
-------
Just my two cents.
John Coxey
(jpcoxey@aol.com)


John Coxey
Evansville, Indiana, USA
 
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