The Blog You've Been Missing

It’s the Economy, Stupid

September 7, 2010

Filed under: Coaching,Management,observations,Tech — admin @ 6:41 am

Been traveling over the last few weeks and while I continue to read stories about high unemployment and how it will give Republicans an edge in the Fall  elections, I have to say, I just don’t see it.

The New York Times  had a recent front page story claiming that even the hi-tech industry wasn’t hiring.

Maybe it’s my own version of cognitive dissonance – refusing to believe facts counter to you own beliefs – but I hear  a different theme.

Every major firm in Silicon Valley has openings. Google’s stock has recently taken a hit, in part because they have added more people – too many according analysts. Yahoo, Intel, Apple and others are all looking for talented employees.

The problem seems to be they can’t find enough with the right skills so they are all trying to hiring the same folks. That’s not an employment problem it’s a skills/training issue.

I know a man who was unemployed in Silicon Valley for 18 months and recently found a job and has since had two other opportunities. That’s a far cry from what he’s been through.

Or take my friends in Hawaii, who don’t claim the economy has recovered, but say, it’s certainly better than last year.

Or take the woman in Boston who I ran into. She just started working after a 9-month forced vacation. She says the hotel in Cambridge that hired her has been booked solid since she started working in April.

Or take the man in New York who I met, who works three part time jobs and just lost one of them when a financial services firm closed. He’s able to collect unemployment so he’s counted in statistics but he’s not exactly desperate.

My unscientific survey of  ‘Help Wanted’ signs in store windows shows a marked increase over last year. I’ve seen them in New York City, Boston, and San Francisco.

I’m not sure what all this proves except that, as I tell my clients, if you believe things are bad that will come through in your interviews and enthusiasm. But if you believe things are headed in the right direction despite the political rhetoric, you’ll have a much easier time finding something.

Post to Twitter

No Comments »

No comments yet.

RSS feed for comments on this post. TrackBack URL

Leave a comment