An excerpt from an article courtesy CNN -
Another economist suggested that the positive effects from a stimulus package would not be felt until spring or early summer 2009 at the earliest and that there would be no significant job gains until 2010.This is not good news, especially when I am planning on taking a gamble to study in the US. I am stumped, these signs are not very encouraging!"Classically, employment is a lagging indicator that will decline well into the recovery period," Brian Bethune chief U.S. financial economist for research firm Global Insight. "Assuming the recession lasts until middle of 2009, it may be another six to eight beyond that before employment stabilizes."
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5 comments:
dude, these mean nothing... am tellin you !! senseless predictions, nobody knows whats gonna happen 2 months later... dont let these things bother you !!! [courtesy - The Great Unravelling - Paul Krugman ]
everymonth 200,000 jobs are being lost, on an avg. what do you think will happen when the approx 3-4 million jobs are out, dont you think Obama will want to make sure they get the jobs back before non-americans take them?
addy stop blabbering. taj, this indeed is a bad time :(
In all honesty if you are planning to study in US now - I would say this is the BEST time - think abt it. You arent going to get promoted at work anytime soon what with recession is US hitting indian IT projects. ok.. So if u start studying now 2-3 years later the market is bound to be better, compare it with not rising up the ranks for the next year. cost-benefit ratio maan. just my humble opinion
@Anonymous
Thank u for your encouraging words. Indeed I have applied and got into one of the prestigious univs - Kelley School of Business, and I am all ready to sail the high seas :)
It would have been a pleasure to know the real 'you' though.
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