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What is Your Opinion of the Ottawa Economy?
Posted in Economy Tagged: Economy, Jobs, Knowledge Worker, Opinion, Ottawa
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What Industries or Businesses Do Well During Recession?
There is a scene in Monty Python’s “The Meaning of Life” where several guys are tied to crucifixes, and suddenly Eric Idle launches into the song, “Always look on the bright side of life.” This is...
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Off-shoring for Small Business – Here to Stay or Passing Fad?
The world is increasingly flat these days. Off-shoring of jobs and business functions continues to expand in scope and variety. Today, off-shoring is very common for call centers and programmers for...
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Bottom-up Economic Stimulus?
I just heard a very interesting proposal from Lawrence Lindsey (as a guest on the Daily Show) regarding economic stimulus strategy. He proposed that rather than spending $B top-down – instead reduce...
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Fur Trading, Lumber, High Tech and Ottawa
Like fur trading and the lumber industry, the Ottawa high tech industry is well on its way into the local history books. For several years now, people around town have increasingly talked about...
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Ottawa Economic Numbers
From an economic contribution perspective, the 3Q08 Ottawa Economic Outlook from CRG Consulting states that 75% of the local economy is tied to the presence of the Federal Government directly and...
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Unemployment in Canada will be 10% or higher in 2009..
The following table is based on historical data from Statistics Canada, it shows the tight coupling of US and Canada unemployment rates, with the Canadian rates generally lagging the US. The Canadian...
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Great Depression Unemployment versus 2009 and the Coming Storm?
What did the unemployment rates look like in the Great Depression? During Great Depression, unemployment numbers in the US hit 20-25% at its peak, and Canadian unemployment hit 27%. Current...
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How Vulnerable is the Ontario Economy?
To understand how vulnerable the Ontario economy is to the current conditions of the US and Canada economy, it is useful to look at where the strength of the economy has traditionally been. Some...
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80% of Laid-off High Tech Workers Did Not Locate Employment in High Tech
Stats Canada released an interesting report in 2007 that seems to have gone almost un-noticed. The report itself highlights the impact that the high tech downturn in 2000 had. The report contained a...
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Looking at Trends…
Indeed.com is an interesting website – it allows you to specify terms which it will then use to search historical job postings from the web. It will plot the frequency of occurance of those terms in...
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How do Keystone Organizations in the “Creative Class” Ecosystem-based Economy...
Keystone organizations in an Ecosystem need money to operate and sustain their functions. The nature of how the keystone organization makes money depends upon whether it is a not for profit (social...
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Outplacement Industry Booming in 2009?
A report from Insala provides some interesting insights into a business sector that is growing and expected to continue to grow in 2009: Providing outplacement support to exiting employees has become...
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The Recession Impacts Sharks and Churches
The recession has had an impact on church attendance and sharks. A 2007 study from Texas State University shows that as the economy got worse, church attendance increased. This seems to be supported...
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The Face of Canada is Changing
Stats Canada published a report in December 2008 – “Immigrant Economic and Social Outcomes in Canada“, that called out some interesting facts, including: One in five persons living in Canada is foreign...
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Ottawa 2.0 – The Flint Michigan of Canada’s High Tech World?
The Citizen published an article on the key role Nortel has had on the Ottawa high tech market, noting that there are no replacements for Nortel waiting in the wings to step-in to the void. Here is a...
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More Workers in the US Anticipate Pay Cuts, Layoffs
According to new study results released by Pew on Feb 15th: Fully 80% say that jobs are difficult to find in their local communities – up seven points since December and 16 points since early October....
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Where is the US Bail-out Money Going?
The New York Times has a great table that lists out where the money is going and what has been committed versus what is not committed. Posted in Business, Economy, General Interest, Government,...
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Canada’s Petrochemical Industry in Trouble?
According to a new Stats Canada report, petrochemical feedstock production in Canada in January 2009 was down 54% compared to January 2008. Petrochemical feedstocks, are used by the petrochemical...
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Ottawa Tech Jobs Melting Away
The Ottawa-Gatineau unemployment rate took a sharp jump recently and currently sits at 5.2%. Under the surface, the situation for tech jobs is increasingly serious. In Ottawa-Gatineau technology jobs...
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