I know a lot of people have asked it before on here and the most honest answer is noone can tell the future.

In my opinion, I fear that this hiring trend will soon taper off. My reasoning is high gas costs, people stop traveling to save money, gas costs go higher so people stop buying things and thus putting our economy into a recession. BUT, the thing is, people may actually travel by air more instead of thier cars, so like I said, who knows.

Heaven forbid another terror attack, or the conflict in Iraq spreads across other borders. The day after 9/11, American Airlines called Nordam (Nordam is a manufacturing company that builds interior paneling for Boeing airliners), they called Nordam the day after 9/11 and said we will not be able to pay for our contracts. Hence, Nordam ceased production on those contracts and laid off 400 employees. Today, Nordam is back up to full production plus expanding huge facilities.

My gut feeling is the economy has rebounded from 9/11 a little high that it can't support itself. The rising oil costs really worry me. In 2005 oil was at $66 a barrell. In 2002 is was down in the 20's-30's. Today it's aover $90. 10 years from now? 5 years from now?

A hiring trend like this hasn't really happened before in a very long time, so what happens next is anyone's guess.

My argument towards economists that base their figures on the "7 year cycle" is that they've only been keeping track of these cycles since the early 1900's. The digital age has brought the economies of the world closer than before so the "7 year cycle" pretty goes out the window. The economy of today is way much more fragile.


My two cents, I know it's probably not the answer you'd liek to see.