Economy Booming: Massive Job Growth in April

[Enosekel]

Things do look promising, I would say. In the industry I work in, our profits are very much influenced by the successes and failures of large businesses/corporations. Whenever they suffer we really feel it.

After 9/11 our business took a serious nose dive and for the rest of that fiscal year and the entire next year we suffered badly. In 2003 things started to get a little better but only in the first quarter of this year have we seen a significant resurgence in business and now our numbers are looking pretty good, though not as good as pre-9/11.

BTW, my area is corporate training, and so our business depends on companies having the $$ to allocate toward training their execs. Most don't view it as an absolute necessity, so whenever they have to make budget cuts, training employees is always one of the first to go.

Likewise when they start feeling more confident that things are turning around again, one of the first things they do is go back to investing in training again.

So...no facts and figures and not very scientific, but to me it seems we are recovering nicely

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Edit:

Well I guess I do have a couple facts I can add that support the above!

23% of all new training we've been contracted for recently is for c-level execs, which means strategy, leadership, etc. That evens out to about 10K or more per session per exec. That is a lot of money to plunk down if times are tough financially.

About 35% of the rest of our current business is specifically for high-potentials and new hires to the company-usually college grads fresh out of school. So not only are large employers hiring, they are investing in a LOT of training for their new employees!