40% drop in GDP is huge, you're right. 40% drop in open job listings isn't huge, because it's not the same as overall employment. I'm quite sure we've had drops

40% drop in GDP is huge, you're right. 40% drop in open job listings isn't huge, because it's not the same as overall employment. I'm quite sure we've had drops like that before, although I don't have any references at the moment to back it up. Edit: if the author has only been in the business a couple of years, he may not be aware of the historical boom/bust nature of it - yet.