Friday, January 9, 2009
The big story of the day - Canada's unemployment rate rises
It's been the big news story of the day..."Canada's jobless rate rises to 6.6% in December".
"Canada lost 34,400 jobs in December, a figure that was worse than economists had been expecting, as the economy weakened." CBC News
In the United States, the story is even worse - they lost 524,000 jobs last month which pushed the total job losses in 2008 to 2.6 million.
The latest page in the story of the current economic downturn. I find this issue important to students as we are the ones that are trying to enter the job market. Should we be worried? What I've been hearing is that despite the changes in the economy, organizations still believe that it is important to recruit top talent and are still actively searching. Once we do get out of 2009, since the economists expect things to turn back around, students who have entered the job market will have gained experience and hopefully be part of a company that will grow again and be in line for more responsibility or even a promotion. It's not the best time to enter the job market, but it's not the worst either.
The sponsors of MARS Apprentice are also recruiting students for co-op work terms and full-time positions this year. Frito Lay has an excellent Leadership Development program available, and Research In Motion is looking for another 1,250 employees this year.
Apprentice is even more proof that employers will still try to find the best and brightest students, despite the problems in the economy!
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