Early to mid-2007 I started to notice the recession well before the government and markets acknowledged there was one. Looking at my division's sales performance over the past 3 years, I have never seen a worse quarter than the one we just finished, and it's traditionally a top sales quarter. Because summers are usually slow, I think we're in for one more bad quarter. But after that I think we are halfway through the recession and that we will have hit bottom. I hope it's a hard V-shaped bounce that spurs recovery, not the wide U-shaped trough of the dot.com recession that had us scraping along the bottom for 2 years.
I work for a global company in a division whose nationwide partners sell technology solutions into government, education, health care, finance, telecom, oil/gas, and other commercial sectors. Although my evidence may be too narrow to be scientific, I think it's a valid slice-of-life.
Where do you think we are in the recession--
- If you were laid off early on, are you working again, still looking -- or were you laid off again?
- If you are facing a layoff now or the threat of one, do you think you have a better chance of getting a job now than if you had been laid off earlier?
- If you are laid off, where do you see things for yourself? How is it out there?
- Whether you are working or are looking for work, what opportunities do you see for yourself now or in the near future?
- Do you think you will be able to maintain your current income levels?