Home › Forums › Financial Markets/Economics › Jobs vanish, unemployment drops … WTF?
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Arraya.
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February 7, 2010 at 12:00 AM #511083February 7, 2010 at 9:01 AM #510245
JerseyGrl
ParticipantIt’s not just lawyers who are desperate for jobs; the biotech sector in San Diego has taken a huge hit in jobs the last couple of years (my husband is one of many laid off):
01/19/10 “(Recruiter Meredith)Dow says it is clear some industry sectors in San Diego weathered last year’s funding drought better than others. For example, she says, the past year was hard on early-stage drug research. Cash-starved biotechs slashed drug discovery operations in order to finance clinical trials of their most advanced drug candidates. Large numbers of veteran scientists were let go, resulting in one of the worst employment markets Dow has ever witnessed for medicinal chemists.
“In normal times, chemists never sat on the market for more than a week or two,” she tells me. “Now, some really great analytic chemists and organic chemists have been out for work for six or seven months. That is going to be the norm, unfortunately.”
Dow expects at best slight gains in life sciences employment in San Diego this year. Although the worst may be over, she says it will be a while before lost research jobs come back.
February 7, 2010 at 9:01 AM #510390ParticipantIt’s not just lawyers who are desperate for jobs; the biotech sector in San Diego has taken a huge hit in jobs the last couple of years (my husband is one of many laid off):
01/19/10 “(Recruiter Meredith)Dow says it is clear some industry sectors in San Diego weathered last year’s funding drought better than others. For example, she says, the past year was hard on early-stage drug research. Cash-starved biotechs slashed drug discovery operations in order to finance clinical trials of their most advanced drug candidates. Large numbers of veteran scientists were let go, resulting in one of the worst employment markets Dow has ever witnessed for medicinal chemists.
“In normal times, chemists never sat on the market for more than a week or two,” she tells me. “Now, some really great analytic chemists and organic chemists have been out for work for six or seven months. That is going to be the norm, unfortunately.”
Dow expects at best slight gains in life sciences employment in San Diego this year. Although the worst may be over, she says it will be a while before lost research jobs come back.
February 7, 2010 at 9:01 AM #510804ParticipantIt’s not just lawyers who are desperate for jobs; the biotech sector in San Diego has taken a huge hit in jobs the last couple of years (my husband is one of many laid off):
01/19/10 “(Recruiter Meredith)Dow says it is clear some industry sectors in San Diego weathered last year’s funding drought better than others. For example, she says, the past year was hard on early-stage drug research. Cash-starved biotechs slashed drug discovery operations in order to finance clinical trials of their most advanced drug candidates. Large numbers of veteran scientists were let go, resulting in one of the worst employment markets Dow has ever witnessed for medicinal chemists.
“In normal times, chemists never sat on the market for more than a week or two,” she tells me. “Now, some really great analytic chemists and organic chemists have been out for work for six or seven months. That is going to be the norm, unfortunately.”
Dow expects at best slight gains in life sciences employment in San Diego this year. Although the worst may be over, she says it will be a while before lost research jobs come back.
February 7, 2010 at 9:01 AM #510898ParticipantIt’s not just lawyers who are desperate for jobs; the biotech sector in San Diego has taken a huge hit in jobs the last couple of years (my husband is one of many laid off):
01/19/10 “(Recruiter Meredith)Dow says it is clear some industry sectors in San Diego weathered last year’s funding drought better than others. For example, she says, the past year was hard on early-stage drug research. Cash-starved biotechs slashed drug discovery operations in order to finance clinical trials of their most advanced drug candidates. Large numbers of veteran scientists were let go, resulting in one of the worst employment markets Dow has ever witnessed for medicinal chemists.
“In normal times, chemists never sat on the market for more than a week or two,” she tells me. “Now, some really great analytic chemists and organic chemists have been out for work for six or seven months. That is going to be the norm, unfortunately.”
Dow expects at best slight gains in life sciences employment in San Diego this year. Although the worst may be over, she says it will be a while before lost research jobs come back.
February 7, 2010 at 9:01 AM #511148ParticipantIt’s not just lawyers who are desperate for jobs; the biotech sector in San Diego has taken a huge hit in jobs the last couple of years (my husband is one of many laid off):
01/19/10 “(Recruiter Meredith)Dow says it is clear some industry sectors in San Diego weathered last year’s funding drought better than others. For example, she says, the past year was hard on early-stage drug research. Cash-starved biotechs slashed drug discovery operations in order to finance clinical trials of their most advanced drug candidates. Large numbers of veteran scientists were let go, resulting in one of the worst employment markets Dow has ever witnessed for medicinal chemists.
“In normal times, chemists never sat on the market for more than a week or two,” she tells me. “Now, some really great analytic chemists and organic chemists have been out for work for six or seven months. That is going to be the norm, unfortunately.”
Dow expects at best slight gains in life sciences employment in San Diego this year. Although the worst may be over, she says it will be a while before lost research jobs come back.
February 7, 2010 at 9:29 AM #510250Arraya
Participant[quote=outtamojo]”You got that right. In 5-10 years, when the decaying suburbs turn to squalor shanty towns and domestic insurgencies flare up in the south, talking heads on cable, if you still have it, will be saying how much better it is than in 2000.”
Gosh if this were my outlook on the future I would be busy fortifying my bunker in Montana rather than wasting my time on a San Diego real estate forum.[/quote]
Nah, that bunker mentality won’t help us out of this mess. Were all in it together. Given the confluence of macro forces coupled with our culture it sure could be a future. Make no mistake about it, we are at the beginning of the global economy crashing to smithereens and their is nothing anybody can do to stop it. What we can control is our actions afterwards and promote sane and humane solutions.
February 7, 2010 at 9:29 AM #510395Participant[quote=outtamojo]”You got that right. In 5-10 years, when the decaying suburbs turn to squalor shanty towns and domestic insurgencies flare up in the south, talking heads on cable, if you still have it, will be saying how much better it is than in 2000.”
Gosh if this were my outlook on the future I would be busy fortifying my bunker in Montana rather than wasting my time on a San Diego real estate forum.[/quote]
Nah, that bunker mentality won’t help us out of this mess. Were all in it together. Given the confluence of macro forces coupled with our culture it sure could be a future. Make no mistake about it, we are at the beginning of the global economy crashing to smithereens and their is nothing anybody can do to stop it. What we can control is our actions afterwards and promote sane and humane solutions.
February 7, 2010 at 9:29 AM #510809Participant[quote=outtamojo]”You got that right. In 5-10 years, when the decaying suburbs turn to squalor shanty towns and domestic insurgencies flare up in the south, talking heads on cable, if you still have it, will be saying how much better it is than in 2000.”
Gosh if this were my outlook on the future I would be busy fortifying my bunker in Montana rather than wasting my time on a San Diego real estate forum.[/quote]
Nah, that bunker mentality won’t help us out of this mess. Were all in it together. Given the confluence of macro forces coupled with our culture it sure could be a future. Make no mistake about it, we are at the beginning of the global economy crashing to smithereens and their is nothing anybody can do to stop it. What we can control is our actions afterwards and promote sane and humane solutions.
February 7, 2010 at 9:29 AM #510903Participant[quote=outtamojo]”You got that right. In 5-10 years, when the decaying suburbs turn to squalor shanty towns and domestic insurgencies flare up in the south, talking heads on cable, if you still have it, will be saying how much better it is than in 2000.”
Gosh if this were my outlook on the future I would be busy fortifying my bunker in Montana rather than wasting my time on a San Diego real estate forum.[/quote]
Nah, that bunker mentality won’t help us out of this mess. Were all in it together. Given the confluence of macro forces coupled with our culture it sure could be a future. Make no mistake about it, we are at the beginning of the global economy crashing to smithereens and their is nothing anybody can do to stop it. What we can control is our actions afterwards and promote sane and humane solutions.
February 7, 2010 at 9:29 AM #511153Participant[quote=outtamojo]”You got that right. In 5-10 years, when the decaying suburbs turn to squalor shanty towns and domestic insurgencies flare up in the south, talking heads on cable, if you still have it, will be saying how much better it is than in 2000.”
Gosh if this were my outlook on the future I would be busy fortifying my bunker in Montana rather than wasting my time on a San Diego real estate forum.[/quote]
Nah, that bunker mentality won’t help us out of this mess. Were all in it together. Given the confluence of macro forces coupled with our culture it sure could be a future. Make no mistake about it, we are at the beginning of the global economy crashing to smithereens and their is nothing anybody can do to stop it. What we can control is our actions afterwards and promote sane and humane solutions.
February 7, 2010 at 10:40 PM #510401paramount
ParticipantNext time your in RB take a ride down via Frontera, the last half of the street is lined with RV’s.
Most if not all of those RV’s are occupied on a full time basis.
February 7, 2010 at 10:40 PM #510549ParticipantNext time your in RB take a ride down via Frontera, the last half of the street is lined with RV’s.
Most if not all of those RV’s are occupied on a full time basis.
February 7, 2010 at 10:40 PM #510962ParticipantNext time your in RB take a ride down via Frontera, the last half of the street is lined with RV’s.
Most if not all of those RV’s are occupied on a full time basis.
February 7, 2010 at 10:40 PM #511056ParticipantNext time your in RB take a ride down via Frontera, the last half of the street is lined with RV’s.
Most if not all of those RV’s are occupied on a full time basis.
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