Thursday, October 30, 2008

Getting a Job in a Growth Industry During an Obama Administration

"In Lower Manhattan, the line for an Internal Revenue Service open house began forming an hour before the event and would eventually wrap around the block. "

The I.R.S. dangled the possibilities when it held an open house at the federal office building at 290 Broadway in Lower Manhattan on Tuesday. An hour before the fair was scheduled to begin, the crowd began lining up — recently laid-off Wall Street types in charcoal-gray pinstripe suits and trench coats; less formally dressed people; a woman with a new accounting degree on her résumé and a 14-month-old baby in a stroller...
Some job-seekers said they were casualties of the financial meltdown. Jean Delice had already been laid off as a computer engineering specialist at Lehman Brothers when the firm, as he put it, “hit the rocks.” He said that the firm’s demise had cost him “everything,” including his severance package, and that the long-term prospects of a government agency looked pretty good.

“You could get a lucrative job in the financial market right now, but how long can you keep it?” he asked. “Everywhere I look, I see layoffs. If I take a $10,000 or $20,000 pay cut, in the long run, I’m ahead. The government is not in the trading business. It will be around.”

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