I don't have extensive evidence for this claim, but it sure feels like we're in a mini-bubble. (I'd call it a recovery, but I'm not sure it is one.)
At least here, in Silicon Valley, it sure seems like things are starting to turn around--in some industries. There are several tech companies doing quite well: eBay, Yahoo, Google. Some are recruiting all over the air waves: NVIDIA, for example. There are a lot of startups forming, getting funding, and looking for workers: There.com, Friendster, LinkedIn, IronPort, and others.
Maybe I'm just more sensitive to this than others, but it's getting difficult to ignore the signs. Things are turning around for some people and some companies. It's been a while since I've seen good financials, hiring, and startups all at the same time.
Have I missed others? Surely. Feel free to let me know what they are. I haven't been able to find anyone who's put much of a list together yet.
Are there a lot of other companies that are still trying to dig themselves out of an economic hole? Sure. That's why I'm calling this a mini-bubble.