Is recession still in prevalance?

I am quite confused because these days, I am looking for a new job, as I am not fully satisfied with my current job and prevailing situations in my company. Every other day, I see a new ‘lay-off’ in my company and it scares me. My friend still suggest me to stick with the same as the effects of recession are still in the market and you won’t find a better place than existing, but what I do, I really want to move on.

Can anyone suggest me if the market conditions are better so that I can switch over to a new job?