Industry News     September 2011
Volume 7, Issue 1
 
   
   
  In addition to Hurricane Irene hitting the US coast, August 2011 saw a mini-market crash and the world continues to lack confidence in the economy.  A look at the various indicators across Canada, the US and the EU would suggest that August was perhaps a tough month on a seemingly never ending journey to recovery.  The biggest industry news this month could have been the $12.5 Billion purchase of Motorola Mobility by Google but arguably the announcement that Steve Jobs is stepping down from Apple seemed to get more coverage.

Other than the Google/Motorola deal, it wasn’t a busy acquisitions month. IBM paid $387 Million to add Algorithmics to its analytics portfolio and also bought another analytics company this month, i2 out of the UK.  Skype, which is in the process of being merged into Microsoft, bought GroupMe, Bitly bought Twitterfeed, Citrix bought Ringcube and Cisco is buying a piece of Comptel.

In other news this month was a disturbing story about a multi-year hacking project known as Operation Shady Rat which has been gathering sensitive, even top secret information since 2006.  A group of IT workers launched a class action suit in the US because their employer replaced them with cheaper workers under the H1B program - should be an interesting one to watch.  Overall it was a fairly quiet month for business, with lots of decision makers taking vacation and the unsettled economy making buyers a little nervous.  A little stability and good news is needed now to ensure September gets back on track, and our investments get a chance to recover from this latest “crash”.

Read more Industry News…

    In This Issue:
Industry News
IT Job Market Update
Feature Articles
> 10 Technologies That Will Change the World in the Next 10 Years
> 10 Workplace Blunders to Avoid at All Costs
> Google Maps’ Greatest Misses
> E-Mails You Should Never Reply To
> Big, Bold Visions: Do All Entrepreneurs Need One?
> 9 Traits That Make Great Employees Outstanding

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Natioal Eagle Staffing Solutions Team | NESST@eagleonline.com | 1-866-78-NESST (63778)


 

 
 
  IT Job Market Update  
 
 
  The Summer months generally result in a slowdown in the job market.  Decision makers and hiring managers take time off, getting approvals is a little tougher and often everything just takes longer.  That is reflected in the unemployment numbers, with July and August being relatively flat after three months of growth.  Canada�s unemployment rate in August was up very marginally 7.3% from 7.2% in July.  Overall Canada has added 223,000 jobs in the last twelve months.

At time of writing, the Canadian Dollar remains strong against the US dollar, and is still above par at close to $1.01 US � although the markets continue to be very volatile.  While Canada�s economy continues to perform better than most, it is not immune to events around the world.  Europe in particular continues to struggle with sovereign debt issues, particularly with the PIIGS.  The US unveiled another stimulus package to try and keep interest rates low, and stimulate some spending.  The results can be seen in the stock markets where the TSX is down about 100 points from last month, currently at 12,131.  The oil patch continues to be somewhat strong, but certainly lower than the highs of just a few months ago… current price per barrel sits at about $86.90, up almost $3 from last month. 


Here at Eagle, the August volumes were very similar to July volumes, but we have seen increases beginning late August and early September.  Judging from that, we would expect September to reflect a moderate uptick in demand for labour, continuing to improve as we hit October… barring the effect of any world catastrophes.


Read the complete IT Job Market Update

 
 
  Feature Articles  
 
 
 

10 Technologies That Will Change the World in the Next 10 Years
3D printers, sensor networks, virtual humans and other technologies under development now will drastically change our world in the decade to come, according to Cisco chief futurist Dave Evans. More…


10 Workplace Blunders to Avoid at All Costs
Career not taking off the way you expected? The reason might lie in some of your on-the-job behavior. Steve Tobak runs through a few things NOT to do at work. More…


Google Maps’ Greatest Misses
Last year, Google announced it was hiring 300 temporary workers to improve the accuracy of Google Maps-and with good reason. From underwater cities to reigniting 15th century border wars, Google Maps gaffes have created quite the controversy. Here’s a look at the most memorable ones. More…


E-Mails You Should Never Reply To
Using e-mail requires more than common sense. Find out what to do when you’re not sure whether to reply, reply to all–or to reply at all to an e-mail. More…


Big, Bold Visions: Do All Entrepreneurs Need One?
Once upon a time, a startup named Google set out to ‘organize the world’s information.’ What’s your company’s mission — and do you even need one? More…


9 Traits That Make Great Employees Outstanding
If you’re looking to stand out at work–or hire employees that go above and beyond–look for these characteristics. More…

 
 
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