The Recession Has Ended...Now if it Would Just Feel More Like it

The Dallas Business Journal cited an article from MSNBC and Moody's Economy.com that basically says the recession is over in one out of every five major US cities. This includes my new home town of Dallas. An exciting piece of information for sure, not only for me but for may people across the country.

"Out of 384 metro areas in the nation, 79 are in recovery, according to the August data on jobs, manufacturing and housing, the report said. Another 270 areas have a "moderating recession," meaning their economies were not contracting as severely as earlier. That leaves 35 metro areas in a full-blown recession."

But no city is yet categorized as being expansion mode. Jobs are considered to be a lagging indicator and some have said we are going to see a jobless recover. There are still companies that are doing layoff, but as someone with "boots on the ground" experience in employment, I've noticed an uptick in jobs and requests for recruitment. Many of my associates at CyberCoders are seeing the same.

Finding top talent is still a priority for many companies and even with many candidates in the marketplace, companies are still finding it difficult to locate the right kind of people.

This paradox is a bit hard to explain since there is more supply than demand, but my experience is telling me that companies that are hiring are still trying to find the needle in the stack of needles as the haystack has blown over. Most are not settling on just someone who is good fit, but striving to find darn near exact fits in both salary, skill and personality.

What does that mean for you? Well, first with a rebound in the economy, more jobs will come. It may take time and hopefully you will weather the storm. Second, that building your network and using recruiters is still going to help you parlay yourself and your talent into career opportunities. Third, we aren't out of the woods, but we are getting there.

Keep your head up.

Vahid Behzadi
Executive Recruiter

Source: http://bit.ly/3KBNZy