http://money.cnn.com/2005/06/02/news/economy/job_cuts/index.htm?cnn=yes

Job reductions soar 42% in May

Report: Computer firms lead the surge, but it's too early to worry about weakness in U.S. economy.

Computer companies -- which reported 17,886 cuts, or about one-fifth of the monthly total -- led the rise in May

Referring back gto another post of mine "IT Job Scene in Montreal" - this is exactly the type of situation I want to avoid and hence not too keen on the States.