State of the Market

[jamesbrown]

I've no idea how your post was quoted in my reply, now edited to focus my ire on the correct post

EDIT: It keeps including your post, but not showing it until after I post. Removed again!

This site is fooked. You started a reply to NLUK and then binned it, so that reply will continue to appear when starting new posts, perhaps until you clear your cache, unsure.

[oliverson]

This site is fooked. You started a reply to NLUK and then binned it, so that reply will continue to appear when starting new posts, perhaps until you clear your cache, unsure.

Don't worry, Labour will be along to clear out everybody's CASH.

[GJABS]

This site is fooked. You started a reply to NLUK and then binned it, so that reply will continue to appear when starting new posts, perhaps until you clear your cache, unsure.

That happens when you have clicked the "Multiquote" button under the post that you had replied to (it is persistent). Go back and click it again to remove it.

[willendure]

Don't worry, Labour will be along to clear out everybody's CASH.

I'd laugh, but I feel more like crying.

[Fraidycat]

When is the first Government Budget announcement going to happen?

I guess thats going to be the new excuse/reason as to why the job market is still in the doldrums.

Then after that the reason is going to be US elections..

My guess is Jan or April 2025 before we get a clear runway for take off.

The contractor market in 2025: the sonic boom at the 55 second market is Trump's re-election in January, then the market goes vertical:

[eek]

When is the first Government Budget announcement going to happen?

I guess thats going to be the new excuse/reason as to why the job market is still in the doldrums.

Then after that the reason is going to be US elections..

My guess is Jan or April 2025 before we get a clear runway for take off.

Earliest a budget can be done (with checks) is September 11th.

Reality is it's going to be in October...

[sreed]

When is the first Government Budget announcement going to happen?

I guess thats going to be the new excuse/reason as to why the job market is still in the doldrums.

Then after that the reason is going to be US elections..

My guess is Jan or April 2025 before we get a clear runway for take off.

The contractor market in 2025: the sonic boom at the 55 second market is Trump's re-election in January, then the market goes vertical:

People can always find topical reasons - stock market, currency fluctuations, elections, governments, immigration, interest rates, etc. - for ebbs and flows in the job market that suit their world view. I'm guilty of it myself, biased towards seeing everything adverse through the lens of mass non-EU immigration.

There is no one market for contractors and neither does any of the above have any clear link to or impact on the 'contractor market' (however one might choose to define that). Imho, I wouldn't characterise the job market as being 'in the doldrums' at present.

The notion that most companies are looking at the UK election, French election, Trump, the S&P, the FTSE, Andrew Bailey's tea leaves, who wins the Euros, etc. to decide what to do is just not the case. There will be some industries that will be impacted more than others depending on the nature of govt expenditure but in most mature western democracies, irrespective of all the noise, the movements in policies that impact the economy are marginal and usually creates winners as well as losers.

[SussexSeagull]

People can always find topical reasons - stock market, currency fluctuations, elections, governments, immigration, interest rates, etc. - for ebbs and flows in the job market that suit their world view. I'm guilty of it myself, biased towards seeing everything adverse through the lens of mass non-EU immigration.

There is no one market for contractors and neither does any of the above have any clear link to or impact on the 'contractor market' (however one might choose to define that). Imho, I wouldn't characterise the job market as being 'in the doldrums' at present.

The notion that most companies are looking at the UK election, French election, Trump, the S&P, the FTSE, Andrew Bailey's tea leaves, who wins the Euros, etc. to decide what to do is just not the case. There will be some industries that will be impacted more than others depending on the nature of govt expenditure but in most mature western democracies, irrespective of all the noise, the movements in policies that impact the economy are marginal and usually creates winners as well as losers.

There is no such thing as one job market as we are all involved in different sectors and have different skillsets but we are all in influenced by macro economic factors which are in turn at least in part influenced by world events. Admittedly I am not sure it is easy to quantify that.

I don't care how niche your skills might be but if there are no projects being greenlit you re going to be on the bench like everyone else.

[sreed]

There is no such thing as one job market as we are all involved in different sectors and have different skillsets but we are all in influenced by macro economic factors which are in turn at least in part influenced by world events. Admittedly I am not sure it is easy to quantify that.

I don't care how niche your skills might be but if there are no projects being greenlit you re going to be on the bench like everyone else.

Absolutely agree. It’s a combination of various factors, different weightages to different factors, country/region/industry specific variables, your individual circumstances etc etc. It’s impossible to pin point one aspect (what the S&P does for example) to predict what will happen or explain what has happened.

As for the job market, agree with you on that as well. My point was that generally speaking we are nowhere even close to a job market “in the doldrums”.

[northernladuk]

Absolutely agree. It’s a combination of various factors, different weightages to different factors, country/region/industry specific variables, your individual circumstances etc etc. It’s impossible to pin point one aspect (what the S&P does for example) to predict what will happen or explain what has happened.

As for the job market, agree with you on that as well. My point was that generally speaking we are nowhere even close to a job market “in the doldrums”.

I'd also agree. To say I'm nervous about contracting going to forward is a major understatement. Every project I've worked on in the last 10 years has been initiated off the back of a business case, be it separation of business, modernisation, efficiency etc. It all pays for itself so shouldn't really be affected by a 'job market'. If it makes/saves money it happens. These initiatives shouldn't be affected by external influences but I'm seeing next to nothing out there. IMO something else is happening, not just external money/politics. These clients still want to save money, modernise etc so where is the work? All internal, TCS/wipro, managed service suppliers etc all stepping in and hoovering up?

I'm inside at the moment and as much as I hate giving notice I was ready to jump back outside and three months in I've not seen a single suitable gig. Not one.