Recession?

I read a blog today that threw out the "BIG R" word - it posed the question "so, are we in a recession". So what do I think? Q1 certainly didn't set the world on fire for us. We're a contingency IT services firm in the midwest. We service a variety of industries but two of them are "early adoptors" of a recession (marketing agency & print/publishing). Both are struggling to hit numbers.

So, are we in a recession or not? I'll tell you at the end of Q2.

Views: 38

Comment by Todd Goldstein on April 9, 2008 at 7:46pm
I agree Q1 didn't set the world on fire for us either. Certainly hoping for better Q2. We do accounting/finance recruiting in LA. Still a shortage of good people, we have jobs, but slow slow decision making clients.
Comment by Dave Templeman on April 10, 2008 at 10:16am
That sounds exactly like our situation - resource market is still pretty slim with the top 25% level of candidate, have open jobs that I know will close but can't get client's to pull the trigger. Frustrating.
Comment by Todd Goldstein on April 10, 2008 at 12:09pm
very frustrating. hang in there and good luck

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