Article on Monster.com: 2009 Employment Outlook: Gut Check for Job Seekers

According to an article on Monster.com:

"One bright spot in the job market, if you don’t mind the irony: Remember Sarbanes-Oxley (SOX), the 2002 regulatory reform that emerged from Enron, WorldCom and similar accounting scandals? Just as SOX has been a font of jobs for accountants and finance professionals, so will the Troubled Asset Relief Program (TARP), the $700 billion federal bailout aimed primarily at financial institutions.

“A lot of financial people losing their jobs will be working on contract to support TARP efforts,” says Brendan Courtney, a senior vice president at Spherion. “New regulations will force companies to operate differently, and they’ll have to throw bodies at the problem.” Public accountants, auditors, forensic accountants, business analysts and credit and collections specialists will all be in demand in 2009, Courtney says. "

The article also suggests that while federal employment will probably increase under the new administration, state and local governments will be laying people off in an effort to balance budgets.

For the entire article, click here.