US
Will the Job Market Be THAT Bad?
Jan 22 2008
Maybe not. At least that's what most users of eFinancialCareers believe, according to our latest poll. Where do you stand?
Just more than half - 52.5 percent - said they think 2008 is going to be an average year, with skilled people able to land new positions. Only 11.8 percent said it's going to a great year - let's call them the galloping optimists. More than 22 percent believe no one's going to hire. The rest - 13.2 percent - said they weren't sure.
Of course, we all know the truth is never simple. While layoff news is all the rage right now, there are reports of hiring in some pockets as banks re-tune their approach to focus on promising sectors.
So, what's it all mean? Certainly more than we can discern from a simple poll. Tell us what YOU think is in store for 2008, and what your plans are. Post your comment below.
I think the FI people are the ones that have to worry. The street didn't over-hire in the equities divisions. The layoffs will be where the losses are, and thats in CDO's, structured finance, and other FI kind of areas.
Dontpanic 22 Jan 2008
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