USA- land of opportunities... caption was long said was true till the past recession... now also its true.. but slightly changed.. one who has opportunity only has the right to stay over in US.. or else out of status... he he (bad joke.. i know)People are trying hard to get jobs.. they are not even getting calls.. one of my frnd is applying jobs vigorously... he s applying at-least to 40 positions on a normal day.. fluctuating up-to 50.. but not less.. no one is even calling back for an interview... u must not think that he is not so efficient.. he s a proficient and deserving candidate.. only ill fate - NO CITIZENSHIP/ Green Card...
2 yrs back.. people graduating had 1 or 2 offers before the end of their final semester.. this made many of the people to apply for masters and come to US.. am one among them...
Looking at the market (both stock and job market) economist found some interesting relations... by seeing the stock market's trend its clear that the proportional downturn in the value of stocks in turn reduced the recruiting volume... it even turned negative and so called mass job cuttings were done by the companies. A few of the Market giants were trying to save themselves from lockout... A few of the giants, in-spite of mass job cutting they were forced to file bankruptcy...
Though am not so well-versed in understanding market economics... i was going through some articles and actions taken by market players, i came to understand something... i am putting u through my thought process results... as you all remember there was a real estate bubble of steep rise in prices were observed... this was the trigger to the on set of the recession... successively people started buying more houses and real-estate to levitate their economic stand... people suddenly started to realize something... and those who bought them started to sell back on a faster phase... thus stage 2 showed up... people started to save money.. not actually but tried... reduced spending symptom was prevalent... companies were falling short to reach sales targets... before big corporates could think of the long term effect, tried to save their stand in the market stated their campaign of cost cutting.. which was having the side effect of job cutting... if this didn't happen... we would have had (probably..) a better situation now... small scale job cuttings were followed by large scale job cuttings... this in-turn reduced the purchasing power of the customer base... and this sank the economy still more deep... rather than the actual reduction in economy.. the induced part was the cause of the serious damage...
Positively the prediction for the coming yr 2010 is 1.8% increase to the yr 2009 market... i noticed that last week at my University... some visual turmoil happened... 3 of my department seniors got jobs.. i was relieved to hear that the avg salary was 52k PA.. the wheel of fortune is turning.. happy that the downturn s not continuing...I am crossing my fingers and expecting that the same old flourishing job market will turn-up by the time i graduate... making USA the land of Opportunity again!!!
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