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I am is West coast. The job market is poor since Jan 01 onwards. Recently, I went to Netfair just to know the status. I used to see around 200 - 300 companies normally, and this time it is just 25 to 30 companies. many of them told me that they do not have immediate position, only for future jobs. In addition, no big banners, like Cisco sun Oracle intel, were there.
I also see lot of my friends laid off, 3 months before , not getting any jobs. Only a few, with good references, skills got the jobs.