_mindMeld » Finance

IT Salaries and Contract Rates Holding Despite Job Losses

les — Sun, 05 Jul 2009 13:38:47 +0000

Here are some links and charts of current rates and salaries in the IT Industry circa 2009.

Payscale has a chart by experience level

Here is an analysis of Janco’s Data by itmanagement for January 2009.

From Janco’s Salary Survey, it looks as if those rates have risen into June.

Select Data from the Information Week Salary Survey

Bank Stress Test Stressed

les — Fri, 03 Jul 2009 15:02:56 +0000

It looks like the bank stress test has proven to be a political stunt more than a useful indicator. At the very least, this is not good.

This is a quarterly forecast: the Unemployment Rate in Q2 was higher than the “more adverse” scenario. Note also that the unemployment rate has already exceeded the peak of the “baseline scenario”.

link: Calculated Risk

The Stimulus is Not Working

les — Fri, 03 Jul 2009 13:54:46 +0000

For those that think we should have a second stimulus, look at this chart:

To paraphrase Einstein’s words, insanity is doing the same thing and expecting different results.