Summation: Why hiring is paradoxically harder in a downturn
http://blog.summation.net/2009/03/why-hiring-is-paradoxically-harder-in-a-downturn.html

Hiring is always hard. The hardest thing to do at a company is the recruiting and hiring. It was really hard when the economy was doing well. Paradoxically, for certain industries (especially those reliant on innovation such as those in the tech space), it's even harder when times are tough. That's right ... hiring in tough economic times can actually be much harder than when times are good. In a downturn, the amount of resumes from C-Players massively increases while the amount of resumes from A-Players probably remains the same.

"It's harder to hire great people in a tough economy"