<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
		>
<channel>
	<title>Comments on: The Recovery is Here, Part I: Here&#8217;s How We Know</title>
	<atom:link href="http://www.thehiredguns.com/blogs/2012/10/11/the-recovery-is-here-part-i-heres-how-we-know/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.thehiredguns.com/blogs/2012/10/11/the-recovery-is-here-part-i-heres-how-we-know/</link>
	<description>The Hired Guns Blog on the Future of Work and Managing Your Career</description>
	<lastBuildDate>Sat, 18 May 2013 08:00:00 +0000</lastBuildDate>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.3.1</generator>
	<item>
		<title>By: Allison Hemming</title>
		<link>http://www.thehiredguns.com/blogs/2012/10/11/the-recovery-is-here-part-i-heres-how-we-know/#comment-413</link>
		<dc:creator>Allison Hemming</dc:creator>
		<pubDate>Tue, 16 Oct 2012 18:51:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.thehiredguns.com/blogs/?p=8537#comment-413</guid>
		<description>Dee, again from our side, we&#039;re definitely seeing gains in compensation by the people we&#039;re placing. </description>
		<content:encoded><![CDATA[<p>Dee, again from our side, we&#8217;re definitely seeing gains in compensation by the people we&#8217;re placing.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: dee</title>
		<link>http://www.thehiredguns.com/blogs/2012/10/11/the-recovery-is-here-part-i-heres-how-we-know/#comment-412</link>
		<dc:creator>dee</dc:creator>
		<pubDate>Sun, 14 Oct 2012 14:44:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.thehiredguns.com/blogs/?p=8537#comment-412</guid>
		<description>Companies cut so much that they can&#039;t function, and enough people have retired or left so that whatever work is there isn&#039;t getting done, or the bean counters have figured out that anyone who leaves can be replaced by low-priced contract/temp...It is NOT that the economy is actually getting any better. It&#039;s great news for the low-priced &#039;body shops&#039; that market faked up talent or recently arrived H1B visa holders, NOT for anyone who&#039;s an independent contractor, C2C or higher end contract.</description>
		<content:encoded><![CDATA[<p>Companies cut so much that they can&#8217;t function, and enough people have retired or left so that whatever work is there isn&#8217;t getting done, or the bean counters have figured out that anyone who leaves can be replaced by low-priced contract/temp&#8230;It is NOT that the economy is actually getting any better. It&#8217;s great news for the low-priced &#8216;body shops&#8217; that market faked up talent or recently arrived H1B visa holders, NOT for anyone who&#8217;s an independent contractor, C2C or higher end contract.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Allison Hemming</title>
		<link>http://www.thehiredguns.com/blogs/2012/10/11/the-recovery-is-here-part-i-heres-how-we-know/#comment-411</link>
		<dc:creator>Allison Hemming</dc:creator>
		<pubDate>Fri, 12 Oct 2012 21:56:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.thehiredguns.com/blogs/?p=8537#comment-411</guid>
		<description>Good points, all. Here at The Hired Guns, we&#039;re not stat wonks and not we&#039;re claiming to be. While we&#039;re citing the BLS and ADP (a non-government and admittedly more cautious entity) reports, our primary point of view is what we&#039;re seeing from the agency side. Being in the talent business means living and dying by the whims of the market, and we like to think that we&#039;ve gotten pretty damn good at using demand for talent as a crystal ball for the market at large. Demand for our services has ticked up and down along with the labor market, but it does so several months in advance. Companies start sourcing new hires months before they actually seal those deals, so when we see a huge uptick in our business, we read that as a good thing for everyone. 

What we consider MOST interesting is that not only are more aggregate job requests (or &quot;reqs&quot; as they say in the biz) crossing our desks, but more open positions are closing. And that is different.  

That&#039;s what we&#039;re seeing now: as Elli said above, companies do (and HAVE) reach a tipping point in terms of both need for talent and the amount at which they can tax their employees&#039; energy. Right now, it certainly seems like a lot of employers have been red-lining their workers for too long. People are leaving for greener pastures and the holes they leave behind are going to have to be filled by two and sometimes three new hires.

One last point: ADP reported a small but not insignificant drop in &quot;job losers who completed temporary jobs.&quot; (In simpler terms, temp workers whose assignments have ended -- who names these things, anyway?) This number fell by nearly a half-million, so while it&#039;s still early, we can infer two things: that temps are being kept longer and possibly becoming full-time hires. Besides, like it or not, temporary/project work is the future of the American workforce. We called that one, too, way back when. 

And @Irony Curtain: any laugh is a good laugh.  </description>
		<content:encoded><![CDATA[<p>Good points, all. Here at The Hired Guns, we&#8217;re not stat wonks and not we&#8217;re claiming to be. While we&#8217;re citing the BLS and ADP (a non-government and admittedly more cautious entity) reports, our primary point of view is what we&#8217;re seeing from the agency side. Being in the talent business means living and dying by the whims of the market, and we like to think that we&#8217;ve gotten pretty damn good at using demand for talent as a crystal ball for the market at large. Demand for our services has ticked up and down along with the labor market, but it does so several months in advance. Companies start sourcing new hires months before they actually seal those deals, so when we see a huge uptick in our business, we read that as a good thing for everyone. </p>
<p>What we consider MOST interesting is that not only are more aggregate job requests (or &#8220;reqs&#8221; as they say in the biz) crossing our desks, but more open positions are closing. And that is different.  </p>
<p>That&#8217;s what we&#8217;re seeing now: as Elli said above, companies do (and HAVE) reach a tipping point in terms of both need for talent and the amount at which they can tax their employees&#8217; energy. Right now, it certainly seems like a lot of employers have been red-lining their workers for too long. People are leaving for greener pastures and the holes they leave behind are going to have to be filled by two and sometimes three new hires.</p>
<p>One last point: ADP reported a small but not insignificant drop in &#8220;job losers who completed temporary jobs.&#8221; (In simpler terms, temp workers whose assignments have ended &#8212; who names these things, anyway?) This number fell by nearly a half-million, so while it&#8217;s still early, we can infer two things: that temps are being kept longer and possibly becoming full-time hires. Besides, like it or not, temporary/project work is the future of the American workforce. We called that one, too, way back when. </p>
<p>And @Irony Curtain: any laugh is a good laugh. </p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Elli</title>
		<link>http://www.thehiredguns.com/blogs/2012/10/11/the-recovery-is-here-part-i-heres-how-we-know/#comment-409</link>
		<dc:creator>Elli</dc:creator>
		<pubDate>Fri, 12 Oct 2012 14:59:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.thehiredguns.com/blogs/?p=8537#comment-409</guid>
		<description>I&#039;m just going to add my voice and say I completely agree with the comments of JT Pedersen and Jonathan Ross. I also think it helps us and our economy if we continue to stay optimistic. 
Last comment: after having let so many people go over the past 3 years, companies are realizing employees are at their limits and that they have to hire. It&#039;s a situation similar to investment. After holding back for long periods of time, there comes a moment when new investment, new purchases become inevitable. </description>
		<content:encoded><![CDATA[<p>I&#8217;m just going to add my voice and say I completely agree with the comments of JT Pedersen and Jonathan Ross. I also think it helps us and our economy if we continue to stay optimistic. <br />
Last comment: after having let so many people go over the past 3 years, companies are realizing employees are at their limits and that they have to hire. It&#8217;s a situation similar to investment. After holding back for long periods of time, there comes a moment when new investment, new purchases become inevitable. </p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Irony Curtain</title>
		<link>http://www.thehiredguns.com/blogs/2012/10/11/the-recovery-is-here-part-i-heres-how-we-know/#comment-407</link>
		<dc:creator>Irony Curtain</dc:creator>
		<pubDate>Thu, 11 Oct 2012 23:23:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.thehiredguns.com/blogs/?p=8537#comment-407</guid>
		<description>Hilarious.</description>
		<content:encoded><![CDATA[<p>Hilarious.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Jonathan S Ross</title>
		<link>http://www.thehiredguns.com/blogs/2012/10/11/the-recovery-is-here-part-i-heres-how-we-know/#comment-406</link>
		<dc:creator>Jonathan S Ross</dc:creator>
		<pubDate>Thu, 11 Oct 2012 23:01:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.thehiredguns.com/blogs/?p=8537#comment-406</guid>
		<description>Allison,

I am in full agreement with JT Pedersen&#039;s observations below. There are some encouraging signs that things may be picking up, but many companies and individuals still want to hire freelancers as cheaply as possible (and I certainly understand the motivation behind this) so while there may be increased opportunities for gigs, one still needs to be able to prove value to be able to command decent compensation.

I too am highly skeptical of the government&#039;s employment figures, and I speak from a non-partisan point of view. The definitions of employment have changed dramatically over the past few decades under both Republican and Democratic administrations, and many (if not most) of us freelancers and self-employed aren&#039;t counted; we don&#039;t qualify (usually) for unemployment, and the government certainly doesn&#039;t know if I&#039;m under-employed or unemployed aside from whatever earnings I&#039;m reporting to the IRS on an annual basis and how these may change from year to year.  

When it comes to statistics, I personally put more faith in www.shadowstats.com of probably being more aligned with objective truth than the government&#039;s extrapolated data.

Still, I too prefer to be optimistic and believe that opportunities are always available, or can be created, but it takes guts, drive and the willingness to compete!
</description>
		<content:encoded><![CDATA[<p>Allison,</p>
<p>I am in full agreement with JT Pedersen&#8217;s observations below. There are some encouraging signs that things may be picking up, but many companies and individuals still want to hire freelancers as cheaply as possible (and I certainly understand the motivation behind this) so while there may be increased opportunities for gigs, one still needs to be able to prove value to be able to command decent compensation.</p>
<p>I too am highly skeptical of the government&#8217;s employment figures, and I speak from a non-partisan point of view. The definitions of employment have changed dramatically over the past few decades under both Republican and Democratic administrations, and many (if not most) of us freelancers and self-employed aren&#8217;t counted; we don&#8217;t qualify (usually) for unemployment, and the government certainly doesn&#8217;t know if I&#8217;m under-employed or unemployed aside from whatever earnings I&#8217;m reporting to the IRS on an annual basis and how these may change from year to year.  </p>
<p>When it comes to statistics, I personally put more faith in <a href="http://www.shadowstats.com" rel="nofollow">http://www.shadowstats.com</a> of probably being more aligned with objective truth than the government&#8217;s extrapolated data.</p>
<p>Still, I too prefer to be optimistic and believe that opportunities are always available, or can be created, but it takes guts, drive and the willingness to compete!</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: JT Pedersen</title>
		<link>http://www.thehiredguns.com/blogs/2012/10/11/the-recovery-is-here-part-i-heres-how-we-know/#comment-405</link>
		<dc:creator>JT Pedersen</dc:creator>
		<pubDate>Thu, 11 Oct 2012 21:57:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.thehiredguns.com/blogs/?p=8537#comment-405</guid>
		<description>Allison,

I like your article and I look to the green shoots as indicators of things to come.  However I also think you&#039;re providing an overly optimistic picture as regards economy and unemployment indicators.

I&#039;ll wait to see what you have to say about China and Europe.  With two major segments seeing clear slowdown, their impact is not to be trivialized.

As regards the latest unemployment numbers, I believe they&#039;re the latest in numeric fantasy:
We heard last week that unemployment dropped by 3/10% in September (0.003x).  According to the BLS&#039; own numbers (BLS: Labor Force Statistics from the Current Population Survey): Total labor force size is 155,063,000.  We added 114,000 (net) new jobs.  And, doing the math, that&#039;s a change of 0.07% (0.0007).

Since, reportedly the unemployment drop is not due to people leaving workforce this time, it is very curious how 0.07% (0.0007) change can be reported as a 0.3% drop in unemployment.  Don&#039;t forget, we added ~125,000 due to population growth; but we&#039;ll ignore the fact we&#039;re not even keeping UP, let alone improving.

Until we see sustained monthly job &#039;growth&#039; in the 2-250,000 range, we&#039;re not really able to claim dramatic improvement.  The most positive take-away from your article: Your own business has doubled year over year.  That, I think is a very positive indicator!</description>
		<content:encoded><![CDATA[<p>Allison,</p>
<p>I like your article and I look to the green shoots as indicators of things to come.  However I also think you&#8217;re providing an overly optimistic picture as regards economy and unemployment indicators.</p>
<p>I&#8217;ll wait to see what you have to say about China and Europe.  With two major segments seeing clear slowdown, their impact is not to be trivialized.</p>
<p>As regards the latest unemployment numbers, I believe they&#8217;re the latest in numeric fantasy:<br />
We heard last week that unemployment dropped by 3/10% in September (0.003x).  According to the BLS&#8217; own numbers (BLS: Labor Force Statistics from the Current Population Survey): Total labor force size is 155,063,000.  We added 114,000 (net) new jobs.  And, doing the math, that&#8217;s a change of 0.07% (0.0007).</p>
<p>Since, reportedly the unemployment drop is not due to people leaving workforce this time, it is very curious how 0.07% (0.0007) change can be reported as a 0.3% drop in unemployment.  Don&#8217;t forget, we added ~125,000 due to population growth; but we&#8217;ll ignore the fact we&#8217;re not even keeping UP, let alone improving.</p>
<p>Until we see sustained monthly job &#8216;growth&#8217; in the 2-250,000 range, we&#8217;re not really able to claim dramatic improvement.  The most positive take-away from your article: Your own business has doubled year over year.  That, I think is a very positive indicator!</p>
]]></content:encoded>
	</item>
</channel>
</rss>
