This article makes some interesting points:

• While unemployment is now at a 25 year high of 8.5%, it doesn’t mean that hiring has ceased. (This is also what we see from our clients.)
• 4.8 million workers were either laid off or lost their jobs last month, but 4.3 million new workers were hired.
• Sectors such as health care, customer service, and public works are hiring.
• Following the principle of supply and demand, the quality of available applicants has improved.
• Difficulties in selling homes can limit job mobility.

I think that the takeaway point is that despite the economic climate, some organizations continue to hire. And those that do hire can benefit from a buyer’s market and the quality of available candidates.

Reid Klion