State of the Market

[Fraidycat]

Mortgage rates are going up again which suggests the banks do not believe we will bet getting any interest rate cuts anytime soon.

There was a tiny uptick this week, but in general mortgage rates are at still at 3 year lows.






The ECB is at 2%, Bank of Canada at 2.75%, and the US Fed is now predicted to cut aggressively, the BOE might be the last to cut but will eventually.

[willendure]

Stats are stats. Boots on the ground tell a very different story, at least for me as a software engineer/devops/platform guy.

Anectodal evidence beats stats. Every time.

[SussexSeagull]

I went for a permanent role as a last attempt to stay in the IT industry and the initial interview was with whatever they called their HR woman. It was one of these values based things and a combination of reading their website, job description and a 10 minute conversation with the agent (who did his job well) basically meant I turned up for the interview with a load of rehearsed answers for what they wanted to hear.

I got through that stage. Which is kind of complete nonsense as it didn't really reflect on me or my ability to do the job.

[sadkingbilly]

There was a tiny uptick this week, but in general mortgage rates are at still at 3 year lows.






The ECB is at 2%, Bank of Canada at 2.75%, and the US Fed is now predicted to cut aggressively, the BOE might be the last to cut but will eventually.

is this 'state of the contract market'? or 'state of the stock market'?
at least Try to keep on topic .

[quackhandle]

I went for a permanent role as a last attempt to stay in the IT industry and the initial interview was with whatever they called their HR woman. It was one of these values based things and a combination of reading their website, job description and a 10 minute conversation with the agent (who did his job well) basically meant I turned up for the interview with a load of rehearsed answers for what they wanted to hear.

I got through that stage. Which is kind of complete nonsense as it didn't really reflect on me or my ability to do the job.

This figures.

Permy role: we want you to be a "company" person, far more than doing the job.

Contractor: we just want you to get the job done.


qh

[Fraidycat]

is this 'state of the contract market'? or 'state of the stock market'?
at least Try to keep on topic .

Interest rates have direct effect on the IT jobs market.

Venture funds borrow money and invest in IT startups, the lower the interest rate the more they invest into new startup projects.

Even bigger companies fund some of their IT investment by borrowing money when it is cheap enough.

[sadkingbilly]

Interest rates have direct effect on the IT jobs market.

yours, maybe. not mine

[herman_g]

Interest rates have direct effect on the IT jobs market.

Venture funds borrow money and invest in IT startups, the lower the interest rate the more they invest into new startup projects.

Even bigger companies fund some of their IT investment by borrowing money when it is cheap enough.

Berlin has been the top IT startup destination in Europe since 2021. Lots of work there in predominately English environments.

[sadkingbilly]

Berlin has been the top IT startup destination in Europe since 2021. Lots of work there in predominately English environments.

and the BundesAmt

[avonleigh]

Berlin has been the top IT startup destination in Europe since 2021. Lots of work there in predominately English environments.

Most of the jobs I see on Jobserve now are in Germany. But the ads are written in German. So I would imagine you need to speak the language. I would imagine they are moving away from English speaking environments now, as same with Holland. Where most of their ads were written in English before but not anymore. That's brexit for you.