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HireStrategy Direct
January 23, 2008

Area Economy in 2008: Recession or Resilience?


At least one prominent local economist feels that the Washington area economy is likely to avoid slipping into a recession this year; however, one suburban Maryland banker thinks the recession is already here.

The recent bankruptcy filing by the parent company of Ensemble Chimes Global, the nation's largest provider of management services for contract labor, has left thousands of contract workers without jobs and brought on a financial crisis for many staffing firms.

One senior writer at Information Week says that "The IT skills famine plaguing the United States is only going to get worse", but another senior writer at the same magazine says "No, the tech skills shortage doesn't exist." Finally, many job applicants are under the impression that employers no longer ask for references or that they never actually call them. Not so, says one executive coach: "Reference checking is a critical factor in hiring."

Paul Villella
CEO, HireStrategy

News and Articles


Area Economy in 2008: Recession or Resilience?
The conventional wisdom is that the Washington area economy will not slip into a recession. Read article

The Sad Saga of Chimes
A firm that deals with the staffing industry and some of the nation's biggest corporations files for bankruptcy. Read article

Yes, The Tech Skills Shortage Is Real
A senior writer for Information Week says that, yes, there aren't enough qualified IT professionals to fill the demand. Read article

No, The Tech Skills Shortage Doesn't Exist
Another Information Week columnist disagrees; he says the tech skills shortage is a myth. Read article

Pick Right Reference To Get Job
Recruiters and hiring managers really DO contact job applicants' references. Read article

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Events Calendar
Don't miss these networking events.

Business Alliance of George Mason University Nothing but Net-Working
January 29, 5:30pm

Washington Business Journal After Hours with the Business Journal
January 31, 5:30pm

HSBC Bank U.S.-India Networking Reception
February 6, 6:00pm

Alchemy Mix Mardi Gras Party
February 7, 5:30pm

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