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Is economy getting better?

January 10th, 2012 at 10:28 am

I work in Silicon Valley and it seems that economy is picking up around here. One of my co-workers mentioned companies cannot find office space and going even outside of San Jose.

Actually, we lease our office space form Google and they're kicking us out as they're expanding like crazy. Our CFO told us we found the office space about a mile from here. He thought it was too expensive so he was looking around more, but couldn't find anything else that are cheaper. So, he came back to the original location, only to find out the price went up LOL But this time, he agreed to sign the lease contract knowing nothing else is available for the price range he had in his mind.

Now, that's in Silicon Valley.

In Sacramento, one of my neighbors posted in her FB page her company is growing (she works for an insurance company) and hiring people. When I go to the shopping mall in suburb of Sacramento, it is always packed.

I wonder if economy is finally getting better, or is it just regional thing. Do you feel it in your area?

4 Responses to “Is economy getting better?”

  1. MonkeyMama Says:

    I think it depends what type of jobs, too. Living in Sacramento and having many friends and family in San Jose, I have never seen the economy worse. All of the dads on our street have been out of work for ages (construction). My dad and all his techie friends are out of work (age-ism, outsourcing). These are people I have NEVER seen out of work. SIL has been out of work almost a year (biotech), uneducated relatives and friends can't find anything. I just mentioned there were ONE THOUSAND applications for one receptionish position at local TV station.

    My young friend and her young husband are both gainfully employed in Sacramento (IT/biology), and they are the only ones that come to mind as relatively unaffected by the economy. All of our clients seem to be suffering except the "cosmetic procedure" business - making money hand over fist. Conclusion? There are definitely people making money and spending money - but they are the minority. The economy doesn't seem to be affecting the "rich." The profits from my two "cosmetic" clients this past year were unreal. I am continually surprised how the shopping malls appear to be "business as usual" when almost everyone I know seems to be suffering in the economy.

  2. MonkeyMama Says:

    P.S. When I regularly get together with friends, neighbors, and family, I am often the only one employed. Most of them are in a good savings position, so just tease me how I am the only *working stiff* any more. But it is pretty WEIRD. These are all people who wish to be working, or gave up and chose early retirement, though was not at all by choice.

  3. snshijuptr Says:

    My friends, in their mid 20's, are all suddenly getting jobs in the last few months. I've actually seen job postings being passed around looking for good workers. I definitely the economy is looking up, especially for recent graduates.

  4. DeniseNTexas Says:

    I see no improvement in our area but it's a blue collar and somewhat distressed area, anyway.

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