My colleague Joe McKendrick seems to have created a bit of a stir among readers with his blog: “The “Great Recession” is Over: Now What?” When I read that headline, I wondered how I had managed to miss the grand moment of the recession’s demise, but to give Joe credit, he acknowledges that while the National Bureau of Economic Research (NBER) may believe the recession ended in June 2009, many of us in the real world are still suffering its effects—continuing rampant unemployment, distressed businesses and government program cuts, not to mention state and local government bankruptcies.
Certainly, the aftereffects are still being felt in our own industry, where insurers and brokers can no longer count on significant earnings from financial markets to bolster their bottom lines. In the IT sector, repercussions include more outsourced jobs and fewer opportunities for American IT pros.
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