I have been designing semiconductors, often for the aerospace industry for about 30 years. Yes, there is starting to be a revival; but it is not in full bloom yet. Salaries are starting to look up, but I know many who have not had raises in 10 years. I know people who simply left the industry because of lack of jobs for people with fantastic experience and multiple advanced degrees.<quoted text>
I've been in the aerospace industry for over 30 years, and my clients in 4 states are in dire need of skilled engineers and machinist's, which pay well, and have security / the manufacturing sector, both commercial and aerospace, have been quite busy. Many jobs previously performed (outsourced) about 10 years ago, have been coming back to the states. We are beginning to see a revival. In case you require additional clarification;
I also get calls since I am in a position to hire, should the need arise. I still get resumes from those looking for employment from the ranks of the recently laid off. The semiconductor industry is still down, and much of it is gone to China, and Taiwan. I don't necessarily think it will ever return to its former glory. The fabs are not all in China, but it is seldom that new semiconductor facilities are built in the US. Major changes must be made before it can become competitive in the US.
It took Clinton about 6 years to really make improvements in the economy, leaving only 2 years of growth till bush stopped the economy in its tracks. It looks like Obama is following the same tracks.