This is just my gut sense, but the two nonprofits I volunteer with are just now starting to see the effects of everybody’s October-January economic freakout when we thought we’d revert to an agrarian barter economy or something. People’s layoffs and pay cuts are starting to bite in; if they had any savings they’re gone and the credit card debt’s mounting up now, so the cutbacks start. Yes, people lost their jobs before, but it still seemed to me that we were more bracing for what’s coming than actually feeling it hit. Now it’s hitting. Companies that thought they could avoid layoffs are finding that they can’t. Places that had planned to re-hire people by now can’t do that yet.
Is that what it’s like where you are?