The Job Market

TragicJohnson

Hi,

I am just wondering if anyone has moved jobs lately?

Is the market as bad as we are lead to believe, recruitment websites wouldn't really inspire confidence at the moment.

I work for a MNC and no one has left or joined in well over 12 months. I would so love to leave but I feel I may be an economic hostage for now.

Thanks.

musky

Job market is dead i'm afraid, unless you are prepared to work more hours for less money it's really an employers market at the moment.

I'd stick with the job if i were you, i'm on the dole after being made redundant and it's not pleasant at all.

The scary reality is that things are going to get a lot worse in 2010.

Stabshauptmann

musky wrote: »

Job market is dead i'm afraid, unless you are prepared to work more hours for less money it's really an employers market at the moment.

I'd stick with the job if i were you, i'm on the dole after being made redundant and it's not pleasant at all.

The scary reality is that things are going to get a lot worse in 2010.

Why?

Why do you think things are getting worse when Australia, UK and now US have come out of recession and back into growth?
There hasnt been a major banking scare in almost a year.

Lets look at some useful stats shall we:

(source http://www.insolvencyjournal.ie/industrial_stats.aspx?NewsCatID=ac7a30ff-955c-44b7-bac4-b0dad6dd2455)


And the unemployment rate for Oct has dropped to 12.4%
(source: http://www.irishexaminer.com/breakingnews/ireland/new-research-tracks-unemployment-trends-425090.html).




Things are bad. Things are worse than they were this time last year.

But what reason do you have to think that things are getting worse?! The last quarter looks like things are improving

musky

Thats economics forum stuff, but i will answer you nonetheless.

Statistics can be used to prove anything, 14 % of people know that

Why wont we pull out of it like the countries listed you ask

ok, here goes

• we cant print money like them, we are in the erc.
• we do not have a large dynamic economy like them.
• we have NAMA
• our debt:earnings ratio for owner occupiers who purchased between 2003 and 2008 is way out of synch.
• our unemployment is not decreasing, emigration is increasing, foreign workers are leaving, people previously on the live register are in college/fas, not working.
• our governemnt will not tackle spending, it will try to tax us to make the defecit, they've done it before.

I don't have shiny colorful graphs but I do have quotes of the vested interests who brought you such beauties as ' the soft landing ' and ' growth in 2008 '

http://www.independent.ie/opinion/analysis/property-markets-no-house-of-cards-123542.html

As one who has been involved in the Irish property market for 40 years and has experienced every type of market scenario, I am totally convinced that the market is currently in good shape and that anyone buying now will do extremely well in the years ahead. There is no better investment than Irish property at present, and I believethat I will be proved right in this conviction.


Ken McDonald - 25 March 2007

nope ken got that one wrong, suprise!


http://www.rte.ie/news/2006/0407/housing.html

Mr. B Ahern
Friday, April 07th, 2006

The Taoiseach has said he does not see a great problem with the levels of borrowing to buy property.

of course not, not when you have friends like pat the plasterer and have so much loose cash that you forget where it came from (cue tears)

I personaly love the next one

http://www.independent.ie/national-news/flight-to-quality-in-housing-market-as-demand-rises-1339714.html

'Flight to quality' in housing market as demand rises

Leading estate agent Peter Wyse said: "The time to buy is now. There is certainly great value in the market at the minute but it doesn't mean people can dilly dally."

Sunday Independent 06/04/08
just remember wyse not 'wise'

I can go on if you want.

Basically the easiest analogyto make is this:

we spent all our wages over the first weekend, now we have to get by on beans on toast until we get paid again.

It wont be quick, we lag behind other economies, they will sort themselves out first, 2010 will be tough.

Mind u we could have a poll and everything we be all right, sure that's the irish way now isn't it an auld nod and a wink and a backhander and jobs for the boys - oh s**t thats what has gotten us here, back to the dail bar, drawing board.

I by the way am not exempt from this chaos, but i'm not as bad off as some, for their sakes I hope im wrong (I have friends who are up s**t creek), really i do...........

but im not

Stabshauptmann

musky wrote: »

Why wont we pull out of it like the countries listed you ask

ok, here goes
we cant print money like them, we are in the erc.

We lack monetary control, but we have fiscal and policy control. We have all the tools we need.

we do not have a large dynamic economy like them

But on an overall basis, those are probably some of the countries we are most similar to.

we have NAMA

The effects of which are still unknown - we dont even know what the final bill will look like, but every step closer to NAMA has had a corresponding positive effect on the markets

our debt:earnings ratio for owner occupiers who purchased between 2003 and 2008 is way out of synch

Explain what you mean please, and how things are getting worse.

our unemployment is not decreasing, emigration is increasing, foreign workers are leaving, people previously on the live register are in college/fas, not working.

You are saying that reductions in unemployment are not corresponding in increases in employment; that is not the same as saying unemployment is not decreasing

our governemnt will not tackle spending, it will try to tax us to make the defecit, they've done it before.

Speculation. And I have very different predictions

I don't have shiny colorful graphs but I do have quotes of the vested interests who brought you such beauties as ' the soft landing ' and ' growth in 2008 '

"I dont have facts and statistics, but I do have populists quotes"
FYP

Things are pretty ****ty at the moment, and there are lots of scalps Im looking for, Bertie's is one of them, but I do believe we've hit the bottom, and are on the way back up. Maybe not in property prices, but in overall economic terms.

"The scary reality is that things are going to get a lot worse in 2010." - Seems to be based on nothing as far as I can see. Heres some recent predictions from Goodbodies, who I consider to be very cautious
http://www.finfacts.ie/biz10/Recovery_in_sight.pdf

musky

Stabshauptmann wrote: »

We lack monetary control, but we have fiscal and policy control. We have all the tools we need.
Fiscal control over a growing defecit, is like trying to treat a bullet wound with an asprin.

But on an overall basis, those are probably some of the countries we are most similar to.

They speak english there, thats where it ends

The effects of which are still unknown - we dont even know what the final bill will look like

They want to buy at in excess of the market rate - how do you think it will turn out?

Explain what you mean please, and how things are getting worse
People have negative equity on homes they can't sell and now can't afford, simple really

You are saying that reductions in unemployments are not corresponding in increases in employment; that is not the same as saying unemployment is not decreasing

No i'm saying the figures are lies


Speculation
No you obviously have never heard of the 80's, they have form.



"I dont have facts and statistics, but I do have populists quotes"
FYP
Populist quotes from policy makers and lobbyists = legislation and failed economic policy

.

Things are pretty ****ty at the moment, and there are lots of scalps Im looking for, Bertie's is one of them, but I do believe we've hit the bottom, and are on the way back up. Maybe not in property prices, but in overall economic terms.

What do we have to offer, infrastructure, competitive costs, a stable financial sector, oh hold on ..... golf courses, that'll work.

"The scary reality is that things are going to get a lot worse in 2010." - Seems to be based on nothing as far as I can see

You have your opinion and I have mine, only time will tell who is right.

niceirishfella

Stabshauptmann wrote: »

We have all the tools we need.

yes, a good way to describe our politicians.;)

Stabshauptmann

musky wrote: »

You have your opinion and I have mine, only time will tell who is right.

but mine is based on something solid, not tabloidesque [sic] sound bites

Fiscal control over a growing defecit, is like trying to treat a bullet wound with an asprin.

- Perfect illustration that you dont know what you are talking about. An economy can be deflated in "Real" terms through fiscal and other policy

They speak english there, thats where it ends
- We model our FS on the City pretty much, and the US housing crash is what started all this you know. There are many similarities between those countries and ours. And they were just examples, the data at the moment shows most of the eurozone is entering growth again

They want to buy at in excess of the market rate - how do you think it will turn out?
- The bad debts will be taken off banks BS. There is no incentive to sell at market price - thats the problem! By taking toxic debt off the BS, and replacing it with AAA bonds they can be exchanged for cash, which is what the economy needs.

People have negative equity on homes they can't sell and now can't afford, simple really
Half right, negative equity does mean that you cant sell, it does not mean neccessarily that you cant afford it

No i'm saying the figures are lies
But you cant back it up...

No you obviously have never heard of the 80's, they have form.
And obviously no lessons were learnt from those mistakes, because we never recovered from the 80s or had any sort of growth since...


Populist quotes from policy makers and lobbyists = legislation and failed economic policy
But nothing to do with the future

musky

As I said wait and see, we can go tit for tat for days, weeks even months to be honest I couldn't be bothered, I have more important things to do like a job to find (somewhere) then to enter into pointless squabble.

You believe what you want and I'll live in the real world.

The op asked about the job market - simple answer is, its f**ked for the time being.

Mark you calender and we'll meet up (on a boards forum) at the end of 2010 and see who was right.

Don't forget your flowcharts;)

Stabshauptmann

musky wrote: »

The op asked about the job market - simple answer is, its f**ked for the time being.

You said it was getting worse, and I just wanted to stress that nobody knows the future, and that that is only one opinion.

Don't forget your flowcharts;)

Flowcharts? Do you know what a flowchart is?


Staying on topic, I know 4 people who lost their jobs over the last 24 month, 3 of them have found equivalent or better work, one is still unemployer

Theboinkmaster

Stabshauptmann wrote: »

You said it was getting worse, and I just wanted to stress that nobody knows the future, and that that is only one opinion.


Flowcharts? Do you know what a flowchart is?


Staying on topic, I know 4 people who lost their jobs over the last 24 month, 3 of them have found equivalent or better work, one is still unemployer

Is that in accountancy? You guys have seriously derailed this thread - it's about the accounting jobs market and i think the OP is looking for people's anecdotal evidence.

OP - I think there are jobs out there but may take 6 months to find one and salary may be reduced from what you're on now.

Stabshauptmann

Theboinkmaster wrote: »

Is that in accountancy?

Well, not all qualified accountants are Financial Controllers. They are in similar positions in similar companies

TragicJohnson

Sadly that's what I thought, I guess I will have to ride it out a little longer in my current job.

niceirishfella

TragicJohnson wrote: »

Sadly that's what I thought, I guess I will have to ride it out a little longer in my current job.

Focus on the postives TJ, you are in a job, you have a wage coming in, xmas is coming so some time off, and start to plan a new years holdiay or trip away to have something nice to look forward to. (there's great deals out there).....imagine if you were out of work and the mammoth task you'd face then.;)

accaguest

Why do you think things are getting worse when Australia, UK and now US have come out of recession and back into growth?
There hasnt been a major banking scare in almost a year.

Australia bears absolutely no relation to ourselves, only a little to the UK and less than it should to present day America. In the state of New South Wales, with Sydney being a vibrant financial city close to all emerging asian markets, 55% of its GDP is still derived from mining. Add in agriculture and you have a productive, industrial based sound economy that we couldnt imagine.

The UK and US are too early to call yet - nobody is sure how much of any improvement and if indeed every bit of it is down to the small matter of the governments pumping trillions of stimulus dollars/hundreds of billions of stimulus pounds into their failing economies. While this has allowed the banks to catch record profits (and of course record bonuses) as their hegemony of liquid capital allows them to control the markets, there is mounting evidence that this has finished the dollar as the reserve currency for good.

In the last 12 months ourselves and the UK have divested almost all of our dollar holdings with china reducing by half their mammoth amount. If a valid alternative to trading oil in $ materialises (and all signs indicate at least BRIC are working on it) a truer more sever correction will need to occur as Americans adjust there standard of living accordingly and this will be felt everywhere.

The banking systems, especially here, are on life support and after the shocks caused by Lehmans fall everything is being done to prevent another collapse - the only reason there havent been any crises. By any rational standard (which would have been used up until 18 months ago) every single Irish bank is insolvent. An amazing state of affairs.

The next 10 years are going to be incredibly tough here - as the years following a boom have been in any society throughout the entire course of history. Whether or not this is a permanent decline encompassing the whole of the west and what, if anything, we could do to prevent it is surely the important thing.

Cookie_Monster

I'm only partly qualified, worked for Tesco in their head office.

In July I stuck my CV up on-line and got contacted for 5 separate jobs.

Am now happily working elsewhere on much better T&Cs than Tesco. Not all bad out there!

weshtawake

Cookie, where did you post your CV??