I just got out of a meeting with a dev manager at a top American bank who asked me for an update on where the market is at the moment, this is what I came up with:
- hardly any new projects in the market
(which means very little senior hiring or work for BAs, PMs or Dev Managers) - demand for contractors remains small, although we have heard mutterings that it will pick up in September
- the lack of Tier 1 visas has started to affect the market in terms of its restriction upon supply
- “new” technologies continue to shape the market (HTML5, F#, Scala, Clojure, Objective-c – if that still counts – Coco, NoSQL…)
- Government Regulations continue to be one of the few forces driving new projects
- demand for junior techies (up to 5 years experience) is sky high, pushing up salaries and expectations
Martin Jee's blog 