Vault's Careers Blog

Career advice and job search strategies for the modern careerist

Vault Poll Finds Low Expectations for Economic Recovery in 2010

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With the state of the economy and the question of whether we’re actually witnessing a recovery becoming ever more pressing, the results of a recent Vault poll are far from encouraging. Some 61 percent of those who took the poll expressed negative sentiments about the current or future state of the recovery effort, with just 37 percent of respondents expressing optimism.

More worrying is that only a quarter of respondents indicated that the rest of 2010 will be better than what we’ve seen to date. Fully 22 percent, meanwhile, predicted a double dip.

Whether those predictions say anything about what is likely to come in the job market for the rest of the year remains to be seen. What they say about the current mood regarding the economy, however, is quite different. Clearly there’s a lot of skepticism and negativity around the issue—a sentiment that’s likely behind the high numbers of job seekers becoming discouraged in their search and giving up altogether.



Written by Phil Stott

July 14, 2010 at 10:11 am

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