I am no expert on the economy, but in my experinence as a dentist for twenty five years in New York, I have observed that each recession that my practice has experienced, has ended with a wall street recovery leading the way. It seems to me that there are some hopeful signs that the economy is starting to recover. Wall street is making money again, and there probably will be many bonuses given this year.
I have noticed an uptick in car advertisements on T.V. I went for some test drives on some new cars and was surprised that used used car prices are up and to me new cars seem more of a bargain than they previously were.
Also today, I was cleaning a patent's teeth who works for a head hunter agency and was told that that hiring is up. This seems like very good news.
Most of my patients with jobs relate that their work load has never been higher and they are stressed out. They are often afraid to keep their scheduled appointments, as they feel leaving their jobs may make it appear that they are not 'truly committed' to their jobs (No one wants to be included in the next wave of job cuts).
CEO's maybe deciding that it is time to stop the job cutting. In general being 'Lean and Mean' is good, but how lean can you get before your ability to do business suffers. It stands to reason that as businesses become profitable again , their hiring may pick up.
Of course there are still are a lot of New Yorkers in search of work, but maybe they will have more job interviews now than earlier in the year. Even if there is an uptick in hiring there will be a large pool of applicants for each job opening. My dental office schedule still has some openings that I wish were filled, and nothing is certain. Let's hope that the signs for economic recovery are good and that they only get better.