More applications are likely to be rejected. Read more online. After watching the airline industry eliminate more than 100,000 jobs in a single week, a growing number of analysts believe the economic fallout from the terrorist attacks is only just beginning. Some economists believe American workers will see an additional 1.5 million pink slips by spring or summer of 2002. Anything even remotely related to the travel industry is going to suffer.
People are in a funk.
Any way you look at it, the prognosis for economic recovery is not good. People who are still employed are banking their paychecks, rather than spending them and those who are laid off are facing lengthy job searches. Read more online. Recruiting experts say candidates have to do their homework before approaching any business these days. One telecommunications and computer networking veteran said he is being very careful not to act too quickly.