Posted April 25, 2008 by

Recession’s impact on the job market

Reprinted courtesy of TheCareerNews.com
SACRAMENTO, CA — There is a lot of hoopla over the recession. Or coming recession. But the truth is that the job market is just fine, according to Penelope Trunk who writes the Brazen Careerist blog. The health of today’s job market is not so much a function of economic indicators as it is a function of demographic trends.


Employers are also receiving fewer hours of work per person from post-Boomers because of their focus on family (Gen X) and entrepreneurship (Gen Y). Due to these factors, the employee shortage is increasing. Employees will be in high demand for the next decade and demand will continue to be strong. Polls conducted by Robert Half show that most companies will continue to ramp up hiring.
So listen to talk of recession, but don’t let it get you down. There are a few precautions you should take in case you get laid off or downsized. But really, don’t decrease your expectations for your job just because housing prices are tanking and hedge-fund managers are suffering. Keep your chin up, and your expectations for your employment up as well. This might just be a surprisingly great time for your career.
Article abridged from JobJournal.com, and reprinted from TheCareerNews.com. Get the latest breaking News, Tips and Tools for your job search, Free!

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