We need to be aware of the state of the economy because it's inevitably linked to the job market. Weaker economy means fewer jobs created, leading to fewer hiring and even job cuts. During such times it is prudent to have one's CV updated just in case. It can happen anytime and to anyone. But while one industry is suffering, there may be others doing well and facing shortage of talents.
Below is an excerpt of an online article I read from the New York Times.
From: The New York Times
Business
Sharp Drop in Jobs Adds to Grim Economic Picture
By EDMUND L. ANDREWS
Published: March 8, 2008
The worst fears of investors and officials were confirmed as paralysis on Wall Street collided with new evidence of a likely recession.
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