After a six-month rise, IT executives' confidence in the economic outlook appears to have peaked, at least temporarily. After rising rather steadily for half a year, confidence in the overall economy dropped a tenth of a point to 6.8, and in our respondents' own company by two tenths of a point (also to 6.8). The drop was even more drastic in the financial-services sector, which dropped to 6.9, down from 7.8 in our January survey. One possible explanation: the announcement by the U.S. Department of Labor that while the unemployment rate fell two-tenths of a point in December, to 5.7 percent, the U.S. economy only created 1,000 new jobs during the month, not between 100,000 and 150,000 as had been expected.
This article was originally published on 02-18-2004
IT Solutions Builder TOP IT RESOURCES TO MOVE YOUR BUSINESS FORWARD
Which topic are you interested in?
What is your company size?
What is your job title?
What is your job function?
Searching our resource database to find your matches...