USA Job Market Recession Fears

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) February 14, 2008 -- November 2005 — the aftermath of the late summer hurricanes that devastated parts of the U.S. south.
The labour report showed that the U.S. economy lost 31,000 manufacturing jobs and 49,000 construction jobs in December. The retail sector lost 24,000 jobs.
Do you think that this has an effect on all sectors of employment or is it restricted to manufacturing and construction jobs?
How about the contract IT jobs which are mostly dependent on H1b visa holders.

Will the government cap the new intake of H1b visa for the year 2008 so that it can increase the opportunities for those who are already on bench??.....
The HR department and Recruiters opinion would really help in having a better understanding about the job market recession

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