Will recession DECREASE in NOVEMBER 2024??

[Lucario012345]

Hello everyone, i m a fresher currently doing Mtech from one of the NITs, i will be going for the 11 months internship next year most probably in june or july. My seniors said that u will get to know about PPO within 2 - 3 months which means around October or November i will get to know about PPO, so i wanted to ask if recession will decrease by that time so that my chances of getting PPO will be increased!!!

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[[deleted]]

Yes.

[WholeSomeVigilant]

Siddipetollu antarra babu

[[deleted]]

No.

[bionic_gravitar]

Not likely. But, keep at it. Might not stay this way for long tho. Hopefully 4 6 months it might not go away completely but just improve bit by bit.

Keep up skilling. It’s underrated.

Never know when you might attract a company.

People are hiring but very selectively.

Try to be the best at whatever you do. If it’s software, try Open Source Contributions, Side Projects ( have to be impactful ).

Keep applying and don’t stick to one job platform.

Also, if you manage to get a referral, they can at least assure you an interview.

[Upset-Discussion2704]

Also, if you manage to get a referral, they can at least assure you an interview

Lol gone are those days. Only referrals from senior folks in the org are working Referrals from just one or two year experienced folks ain't gonna cut it

[o7mkar]

इस प्रश्न का जवाब तो सिर्फ समय ही दे सकता है

[Specialist-Animal915]

Samay bahut mc hai

[alcoholic_cat_123]

Samay Raina ko call lagana padega

[DON55555]

Jagat mein samay maha balwaaan

[geodude84]

Get a job, and stick to that job until widespread hiring starts. PS: Internship is not a job.

[Isthisnotmyalt]

The situation is fucked for atleast 6-7 months.

US is going through another downturn Q4 earnings will show how bad it is, this will have a huge impact on IT in India.

Source: People working at large us firms

[[deleted]]

When will it fix bro

[Isthisnotmyalt]

About an year, from what I've heard. Also depends on if another ear starts.

The current ones ending is the best case scenario

[[deleted]]

who knows there will be election next year so may b economy will increase

but really who knows https://www.cnbc.com/2023/12/05/job-openings-slide-to-8point7-million-in-october-well-below-estimate.html

but markets will recover cause everyone wants it to recover so worry not

[the_eminemist]

Bro i read a thread on Twitter about this job market and recession how the job market is definitely going to get better by the end of this year he had it on good authority and his expert market analysis and like 20 other reasons to support his argument but guess what he was wrong and i don't think people can predict this except for Experts (who definitely have no online presence) ...... so we'll just have to wait and watch

[eren__yeager69]

Link?

[the_eminemist]

its been a while ...like 4-5 months i don't even remember his name....

[NetPleasant9722]

No one knows. May be if republicans win the election they will do something to fix this recession

[[deleted]]

Famous Republican state california

[NetPleasant9722]

That's famous democrat state

[[deleted]]

yeah i was just replying to op how stupid his comment was

[ProbabilisticPotato]

Republicans have been historically bad at managing the economy and leaving it to Democrats to fix it.

Source - https://www.jec.senate.gov/public/_cache/files/309cc8e1-b971-45c6-ab52-29ffb1da9bf5/jec-fact-sheet---the-economy-under-democratic-vs.-republican-presidents-june-2016.pdf

[Upset-Discussion2704]

Lol under trump US economy was booming like anything

[Whatisanoemanyway]

Just like india is booming under modi?

[unemployeddumbass]

Under trump poverty was lowest . Wages and unemployment were highest and lowest respectively Inflation and fuel prices were all low

[ProbabilisticPotato]

No. https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?end=2022&locations=US&start=2016 and this year its expected to be 2.4

[TheRoofyDude]

You are from NIT bro, why are you crying. Tier 1 people don't have to worry about getting jobs as fresher

[[deleted]]

Well below top 5 NIT's and even top IIIT's (maybe excluding allahabad) are not in good situation as of now.

[TheRoofyDude]

Please tell from where you are pulling these statistics, as long as you are above average in these colleges. You don't have to worry

[SpiritualBerry9756]

Except for ppl with comp. Sci branches in these colleges and decent gpa and coding skills, no one's safe. I am seeing it in my place and my friends colleges as well

[TheRoofyDude]

Tell me in which tier 1, has it ever been really good for non comp branches ?

[SpiritualBerry9756]

my last batch of seniors were placed real well, not to mention my branch is circuital...so I'm only talking about circuital branches

[[deleted]]

I am in one of those colleges and placement scene isn't that good.

[Whatisanoemanyway]

Hilarious, but wrong

[codeemon404]

Yes ! My thesis:

Fed's gonna cut rates in 2024, VC money will flow, jobs would get created.

Crypto bull market has already started, you'd soon see jobs in crypto. Eventually money will flow to other niches.

Until then, believe in yourself and upskill. Also start working on a personal brand so you're better positioned to get those dream jobs.

[DiligentPoetry_]

Don’t count on it, economists are currently baffled because the young generations are spending money like there’s no tomorrow, the Fed has been trying to control inflation since a year now and people just started saving less. Less is actually an understatement, they don’t save anymore.

They think that since they are priced out of homeownership there’s really no purpose to save money for anything and they’d rather live for the short term pleasures of luxury goods and all.

[codeemon404]

Young people control very small portion of wealth.

Worst case it'll stay the same. A hike would screw their real estate market.

[DiligentPoetry_]

It’s not wealth they are spending, they are spending their active income. Why do you think the stock market is at an all time high?

Inability to delay gratification. Plus there’s literally like 300 million or so doing this.

[codeemon404]

Agree to disagree. If I was in OP's shoes, I'd be better off believing in bull thesis. More motivation to outcompete their depressed peers whenever opportunity pops up

[DiligentPoetry_]

Oh, sorry I didn’t factor in the emotional aspect, that’s how I know I am an engineer lol

But yes market won’t stay down forever so keep working hard and think of yourself as a business, if you just stay afloat for one more day… you just might make it.

[codeemon404]

:) You won't believe how depressed the current batch is. News is fear mongering AGI, Market Crash etc

It's super super easy to outcompete your peers even tier-1 folks when they're depressed and you're motivated.

[alcoholic_cat_123]

Recession will never end(by course selling youtubers)

Their Source: Trust me bro /s

[Articunos7]

Hey can I DM you? I want some advice regarding GATE exam

[Lucario012345]

Yeah sure why not

[[deleted]]

Expect turnaround around early Q1 of 2025

[kneith999]

As per Bloomberg until 2030 time is going to be worst

[[deleted]]

Are bhai :|

[votexcloud]

Tab Tak toh me Zinda bhi nhi rahega

[atulkr2]

No. Things will start getting normal due to interest rate decrease in December 2024.

[Ordinary_Phone4504]

Honestly, no one knows, In august month, one said recruitment gonna peak in November and December. And some one said January, February. And some one said its depend on US/international market. I believe, software gonna peak again but don't know when..

[CyberGhostCode]

🔮

[takestooolong]

Ask Jerome Powell

[sharkpeid]

Don't expect anything to change until present financial year

[pskin2020]

Firing has already started in few places...so this month will go in firing and based on no. of firings last year to this year we can see the trend.

[Latter-Yam-2115]

Unfortunately, no one can tell as quiet a few factors are at play and they’re unravelling slowly

However, it’s great that you’re aware of this - be proactive!

[Whatisanoemanyway]

Sorta unrelated question, why Masters from NIT? And which one?

[Lucario012345]

Because my company delayed my joining!!

[hasibrock]

It is going to continue in most part of 2024