Positive News About IT Economy

These are excerpts from a recruiting network regarding the IT economy. It's not as bad as the media would have us believe! Speaking from my personal experience, I couldn't agree with these folks more. My desk is busy, and I am seeing more and more job activity. The reality is that technology isn't going away and it certainly is not slowing down. Onward and upward to that next great career opportunity!


"I'm so tired of negative news in the media. "Recession this," and "Recession that." I have not had so many quality job orders since 1999 (thank you TE trading partners...keep those JO's coming!). Also, remember in 2001 (last real recession) when all the IT consulting firms were laying off in droves (and many went under)? Well, one of the largest IT consulting firms in the world, Accenture (they have 94 of the 100 Global 500 as clients), just reported record profits today and their stock is up 5%.If we were in a recession, Accenture would be laying off (as they did in 2001) and not hiring and having record profits."
- Sean


"Excellent advise Sean. What we hear in the news and what is reality are quite different. Earlier this week this little known factoid was buried in the newsThe economy grew at a 1 percent annualized rate in the first quarter, Let's all conserve energy and stop listening to the news... "
- Don


"We should see some of those IT jobs coming back - for two reasons - inflation is much higher in India and the Far East. The second reason - it is hard on the body to fly there and manage those folks and transportation costs are going through the roof!!!"
- Charlie


Also, my experience over the years has led me to believe that consulting firms are a leading indicator of recovery. I always called them the canaries in the coal mine. First to die, First to be deployed.They haven't died, and they are being deployed in record #'s. We have hit a bit of a summer slow down, but 2008 has been a solid year already, and looks to continue!
- Jed