Or is it really due to this:
<Since the beginning of summer, the number of calls has nearly doubled, to a
hundred or so per day -- the most ever, except after hurricanes.
When the construction industry was first slowing, much of the demand for social
services came from Latino immigrants, laborers who found themselves without an
income. Lately, however, "it's everybody," Fuelcher said. "It runs the gamut of
economic status."
That has made hiring easy at some stores. When times were good, Baer's
Furniture could not find enough staffers. When the retailer recently posted
openings for two sales people, it got 170 applicants.
There are signs that these problems are seeping into many regions of the
country. Job growth was halted in August as the nation shed 4,000 jobs,
stunning economists who had not thought that the housing bust would so
dramatically affect hiring.>---- (Today's Washington Post)
Date: Sun, 16 Sep 2007 05:05:27 -0700From: [EMAIL PROTECTED]: [EMAIL
PROTECTED]; [EMAIL PROTECTED]; [email protected]; [EMAIL PROTECTED]: [Assam]
Indian IT professionals in US return homeIndian IT professionals in US return
homeSeptember 11, 2007 11:24 IST
With India becoming a favoured destination of several multi-national companies,
thousands of Indian IT professionals in the United States are returning to
their homeland with good pay packets, according to a survey.The survey
conducted by Indus Entrepreneurs, an association of Indian IT professionals
settled in the US, found that around 60,000 professionals have returned to
India in recent years, Michael M Bala, Business Head of recruitment portal
clickjobs.com, said.Several couples in age group of 27 to 35 were looking
forward to come back to India, he said, quoting the survey."Most young Indian
couples preferred to return to India to protect their kids from the Western
culture and to educate them in Indian atmosphere," he said.Infrastructure
development and job opportunities at the more or less same salary in India were
cited as the factors behind the trend.Bala, who recently conducted a job fair
in New Jersey to recruit personnel for multi-national companies, said more and
more Indians were coming forward to return to their motherland with the country
becoming favoured destination of several MNCs, financial institutions and IT
companies."The growth of these institutions in India have thrown open the doors
to talented people, who had so for thought that the West was their only
resort," he said.In the recently held job fair, over 3,000 people, mostly
couples, had come forward to attend interviews for companies like Yahoo, Canon,
IBM and HP, he said.Encouraged by this, the portal would be conducting another
fair in the US within six months, he said.
http://www.rediff.com/money/2007/sep/11it.htm
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