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YOUR economic outlook?

YOUR economic outlook?

Old Jul 2nd 2012, 6:24 pm
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Default YOUR economic outlook?

Following on from the "Canada recession looming" thread, I wondered what YOUR economic outlook is for, say, the next year or three.

Everything can turn on a dime, of course, but how optimistic are you in the short to medium term?

Do you fear losing your job any day now? Do you think you'll be alright for a while, or do you anticipate good times and/or security for the foreseeable future?

I would be interested to see a snap shot of the different provinces and different trades/skills ...
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Old Jul 2nd 2012, 6:34 pm
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Default Re: YOUR economic outlook?

For me it is too much work. Which is why I am sitting at my desk on a holiday. I will have to hire someone to help me this fall.
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Old Jul 2nd 2012, 6:59 pm
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Default Re: YOUR economic outlook?

For me: hard to say

OH: looking good so far
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Old Jul 2nd 2012, 7:40 pm
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Default Re: YOUR economic outlook?

For me, looking good but then what I do and where I work isn't at all aligned with the Canadian economy.

For the Mrs, two words: Tenured. Teacher.
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Old Jul 2nd 2012, 7:45 pm
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Default Re: YOUR economic outlook?

For me prsonally not looking good, I am in the tourism industry and am hit hard with high ferry costs, recession in Europe and weather, not to mention our local council have pulled the plug on tourists. OH it looks better so we will rely on him now. 3 years to his retirement and then hope to be out of here! Long term because most of our pensions and assets are in UK, we will not be able to afford Canada
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Old Jul 2nd 2012, 7:52 pm
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Default Re: YOUR economic outlook?

Originally Posted by ann m View Post
I would be interested to see a snap shot of the different provinces and different trades/skills ...
ask and ye shall receive. just like mana from heaven.

for canadian stats, just google "statscanada" and then search labor.

http://www5.statcan.gc.ca/bsolc/olc-...catno=71-001-X

btw - i work for economists and even they have no clue what the future holds. there is a big difference between the academic (aka observing ) world of economics and the real (aka participating) world of economics.
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Old Jul 3rd 2012, 5:02 am
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Default Re: YOUR economic outlook?

Originally Posted by douglasgrant View Post
there is a big difference between the academic (aka observing ) world of economics and the real (aka participating) world of economics.
And that is what I was getting at really. What our lovely BE crowd are actually experiencing, as opposed to what the headlines tell us we are experiencing.

Me - reasonable outlook - work admin in a college which is part publicly-funded and part earned-revenue. Personally, average pay and a crap pension, good vacation and good work/life balance.

Abolishments are rare, but do happen every year - govt funding for some of the apprenticeship trades was cut for this next academic year which may affect instructor positions. Other programs are so oversubscribed they turn students away. It's proving harder and harder to attract good instructors away from the private sector where they can earn so much more - so the private sector in Calgary at this time appears very strong.

OH - secure as long as he keeps his nose clean. Been out of contract for two years and awaiting result of arbitration for any hint of a pay rise. Pays a fair whack into a pension, hopefully will be OK-ish when he finally retires.

So, for us - fair to middling.
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Old Jul 3rd 2012, 6:14 am
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Default Re: YOUR economic outlook?

No idea. I have too much work until about March, then who knows?
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Old Jul 3rd 2012, 11:04 am
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Default Re: YOUR economic outlook?

Looking good for us both, I am in a good job now and hubby seems to be settling in a good job, Of course the "turns on a dime" thing will always be here but I am cautiously optimistic (saving like mad "just in case")
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Old Jul 3rd 2012, 11:41 am
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Default Re: YOUR economic outlook?

Originally Posted by ann m View Post
And that is what I was getting at really. What our lovely BE crowd are actually experiencing, as opposed to what the headlines tell us we are experiencing.

Me - reasonable outlook - work admin in a college which is part publicly-funded and part earned-revenue. Personally, average pay and a crap pension, good vacation and good work/life balance.

Abolishments are rare, but do happen every year - govt funding for some of the apprenticeship trades was cut for this next academic year which may affect instructor positions. Other programs are so oversubscribed they turn students away. It's proving harder and harder to attract good instructors away from the private sector where they can earn so much more - so the private sector in Calgary at this time appears very strong.

OH - secure as long as he keeps his nose clean. Been out of contract for two years and awaiting result of arbitration for any hint of a pay rise. Pays a fair whack into a pension, hopefully will be OK-ish when he finally retires.

So, for us - fair to middling.
Are you referring to teaching work? Teaching is over crowded with too many unemployed teachers b/c too many teachers got pumped out through the system.
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Old Jul 3rd 2012, 3:33 pm
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Default Re: YOUR economic outlook?

Right now, absolutely crap - laid off in October, can't get a job for love nor money despite applying for almost 200 jobs. Hoping to get on the OSEB scheme to become self employed but if I don't then the outlook is dire as my EI ended in March.

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Old Jul 3rd 2012, 4:16 pm
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Default Re: YOUR economic outlook?

my work largely depends on infrastructure spending and commodity prices. It's slightly transferable though.

Luckily the OH and I are in completely different industries so hopefully that gives us more security? His doesn't really rely on the economy, thankfully.
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Old Jul 3rd 2012, 4:26 pm
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Default Re: YOUR economic outlook?

Originally Posted by douglasgrant View Post
Are you referring to teaching work? Teaching is over crowded with too many unemployed teachers b/c too many teachers got pumped out through the system.
I was referring to Adult education - instructors in a technical college. We are always looking for good quality () instructors for the trades, and then for subjects like the petroleum engineering and electrical engineering courses, construction project management, law and business courses, etc. Those "good" people are already currently earning well in the private sector, and we have to try and tempt them away.
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Old Jul 3rd 2012, 4:35 pm
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Default Re: YOUR economic outlook?

Originally Posted by douglasgrant View Post
Are you referring to teaching work? Teaching is over crowded with too many unemployed teachers b/c too many teachers got pumped out through the system.
That's true. Once in the system, however, it is a secure and well paid job.
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Old Jul 3rd 2012, 5:54 pm
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Default Re: YOUR economic outlook?

My husband is in the Navy (CF) which is safe and secure. I work as a nurse, but for a non profit organization. I am on yearly contracts, we have seen much of our funding reduce and have had to apply for small grants from a variety of places.
I love my job, but would like something more secure, so I went back to studying for my degree online last year, finish next year and hoping it will mean I can apply for other jobs.
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