The numbers are pouring in... unemployment is rising, housing prices are dropping... but recently the London Free Press published and article with some interesting numbers;
OpenText, a Waterloo Ontario software firm is hiring, Big Time.
It seems that the company of 500 is looking to expand to 700. The 200 jobs that are reportedly urgently needed, are mostly in the area of corporate finance as well as some software developers, research and development staff.
The company has experienced a growth in sales of about 22% in 2008 over 2007.
OpenText is recruiting for its Waterloo operation at this time by conducting job fairs. Toronto Career Fair to take place on January 29th, for details visit TorontoJobClassifieds.com's Job Fair Page or the OpenText website.
Tuesday, January 27, 2009
Friday, January 9, 2009
U.S. Jobless Rate Highest in 16 Years: Most Job Losses in the Service Sector
According to a Reuters article published today, the US Labour Department reported Friday that the national unemployment rate rose to 7.2% in December, the highest level since January 1993 and worse than the predicted 7.0%, up from 6.8% in November.
While December Job Losses did not reach the predicted 550,000 level, they still represented 524,000 of the 2.6 million jobs lost in 2008, the largest decline since 1945.
Where were the greatest job losses in December? According to Reuters, the largest number of jobs lost in December were in services-providing businesses, which were down 273,000 jobs, an incredible 52% of the total.
Reuters quotes Richard Yamarone, chief economist at Argus Research in New York as saying "The job situation is ugly and is going to get uglier. There's no reason to expect hiring anytime in the next three to six months. We are not going to see any hiring until the government steps in and acts. Talk doesn't work," said .
It seems that all hopes are pinned on in-coming president's promised stimulus package. There feels like a lot of optimism out there that the Obama administration will rescue the U.S. economy from the worst financial crisis since the Great Depression. The wolrd-wide free market holds its holds its collective breath as their inter-dependent economies await an American turn-around.
What does this mean to the average worker? US citizens have voted for an administration they believe will help them the most. But will a US stimulus package help an unemployed Canadian auto worker? Perhaps indirectly and over time, but that will only be true if the Obama administration succeeds in pulling their economy out of what is predicted could be the longest recession in their history.
Find Work in Toronto
While December Job Losses did not reach the predicted 550,000 level, they still represented 524,000 of the 2.6 million jobs lost in 2008, the largest decline since 1945.
Where were the greatest job losses in December? According to Reuters, the largest number of jobs lost in December were in services-providing businesses, which were down 273,000 jobs, an incredible 52% of the total.
Reuters quotes Richard Yamarone, chief economist at Argus Research in New York as saying "The job situation is ugly and is going to get uglier. There's no reason to expect hiring anytime in the next three to six months. We are not going to see any hiring until the government steps in and acts. Talk doesn't work," said .
It seems that all hopes are pinned on in-coming president's promised stimulus package. There feels like a lot of optimism out there that the Obama administration will rescue the U.S. economy from the worst financial crisis since the Great Depression. The wolrd-wide free market holds its holds its collective breath as their inter-dependent economies await an American turn-around.
What does this mean to the average worker? US citizens have voted for an administration they believe will help them the most. But will a US stimulus package help an unemployed Canadian auto worker? Perhaps indirectly and over time, but that will only be true if the Obama administration succeeds in pulling their economy out of what is predicted could be the longest recession in their history.
Find Work in Toronto
Tuesday, January 6, 2009
Where to Find Work During a Recession
Introducing a new blog for those interested in finding a 'recession proof' job.
We are hoping that this will become a place where visitors can share information and opinions, which we may convert to a forum or add a link to a forum when we get the interest going.
Please leave your opinions and information as comments to the blog which we will attempt to moderate as quickly as possible.
There are lots of people losing jobs out there. There is lots of gloom and doom about the economy right now. However, there are pockets where opportunities are still good for employment AND sectors that are growing.
For example, a recent visit to the RCMP website indicates that they are planning on hiring approximately 1700 new employees (policing, administrative and other) over the next few years.
Do you know of any 'upsizing' employers? What sectors do you predict will grow?
Let us know! Post your comment today and share you knowledge with job seekers everywhere!
We are hoping that this will become a place where visitors can share information and opinions, which we may convert to a forum or add a link to a forum when we get the interest going.
Please leave your opinions and information as comments to the blog which we will attempt to moderate as quickly as possible.
There are lots of people losing jobs out there. There is lots of gloom and doom about the economy right now. However, there are pockets where opportunities are still good for employment AND sectors that are growing.
For example, a recent visit to the RCMP website indicates that they are planning on hiring approximately 1700 new employees (policing, administrative and other) over the next few years.
Do you know of any 'upsizing' employers? What sectors do you predict will grow?
Let us know! Post your comment today and share you knowledge with job seekers everywhere!
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