The economy is making it very difficult for job seekers to find new positions in other companies to continue to develop their career and provide for their families. The sequester which is going to be put into effect is going to have a ripple effect on the spending on government initiatives which has previously been a big boost to the job market. Now that the spending is going to decrease there is concern that the job market is going to be that much tougher on applicants to find new jobs. This especially seems the case for local residents of Maryland, D.C., and Virginia in which most of the government jobs are located. The major consulting organizations in the area are going to need to adjust their strategy and workforce to align to the total amount of dollars that the federal government is spending this fiscal year.
This economic climate is going impact job seekers and their perceptions on employment opportunities in the area. People that are working in jobs and are unhappy are still going to stay in their positions. The risk to move in to another position is just too much stress for people to handle. The question is if you move into another company and their contract gets cut then you are left out of a job and it is even more difficult to find new work when unemployed. The idea of a job for this year is just over broke and we can only hope that the job market turns around. We need to have jobs which turn into long-term careers which can satisfy the workforce quest for adding value to their industry.