The Career News (sorry, no link) references an article regarding job market growth in 3 specific sectors (my bold):
While hiring in the financial and consumer discretionary sectors has clearly been impacted by the continued fall-out from the mortgage market collapse, the technology, healthcare and defense sectors are all adding to their executive-level ranks nationwide.
There were 12,000 more $100,000+ jobs posted on TheLadders in the first quarter of 2008 than there were in the first quarter of 2007. The recession is grabbing the headlines, but there are always countercyclical segments of the market that thrive in a down economy. The reports are showing a lot of reliance in this marketplace.
This fact is always true – while some markets flounder, others flourish. In recruiting, selling, job hunting, etc., the key is to focus on the segments that are in strong growth mode.
One other tip is to understand that the media is prone to sensationalism in their reporting. After all, their business is to keep your viewership, listernership or readership…and to do that they must hold your attention. Recessions, market collapses, stock market drops, etc. are all sensational vehicles to hold attention.