The Lounge This section is for the most off topic of OT posts. although the lounge is moderated, whoring is permitted.

The economy sucks

Thread Tools
 
Search this Thread
 
Old Nov 21, 2008 | 07:41 PM
  #1  
megafandrew's Avatar
Thread Starter
|
HCF Member
Joined: Sep 2006
Posts: 831
From: Calgary, AB
Default The economy sucks

It seems with the slowdown of the U.S. economy, Canada's has/is being affected slowly as well. I was terminated/layed off from a millwright apprentice position in September, and I have yet to find work in this field again (there is basically nothing available except for Jouneymen) which is really getting me down somewhat, Ive been out of work for 2 months now (millwright work) and have been part-timing at pizza hut lol the wage here is around 14/15 so its not bad delivering but has anyone else been affected directly such as your job or getting out of school and not finding work easily and what do you plan to do? I really want to work as a millwright but if I can't find another apprentice job Im going to go to school for automotive technician pre-employment course and challenge the 1st year exam and go from there. I also just put an application into Mr.Lube lol.
 
Old Nov 21, 2008 | 08:36 PM
  #2  
ej6buddy's Avatar
HCF Member
Joined: Mar 2006
Posts: 5,794
Default

Yeah, That's why I plan staying in school for the rest of my life so I don't have to come to terms with the "real work force", lol. But yes, it's getting hard out there. And people usually don't stop to think about how the U.s. ecomony effects EVERYONE.
 
Old Nov 22, 2008 | 05:24 AM
  #3  
Clutchcargo's Avatar
HCF Member
Joined: Oct 2008
Posts: 36
From: Boston
Default

My company just laid off 3% of our workforce and another 4% coming up in Q1'09. Most peoples 401Ks are way down and it's tough to make money in the stock market these days. That translates into nobody feeling especially wealthy which means this is going to be among the leanest Christmas' I can remember and that also translates into an economic downward spiral. I'm contributing to this by suggesting to my family that we only by gifts for the little kids and not worry about the adults in the family.
It's a tough time to be unemployed and I may be joining the unemployed at the beginning of the year.
On a brighter note, I am using this weakness as a buying opportunity in the stock market. Companies that were trading at $50 just a year ago are less than $1 today. If my plan works, I'll be fairly well off in 10 years. If it doesn't, I'm out a few thousand bucks.
 
Old Nov 22, 2008 | 06:52 AM
  #4  
RonJ's Avatar
Recognized HCF Member
Joined: Sep 2007
Posts: 9,453
From: Houston, Texas
Default

Originally Posted by Clutchcargo
It's a tough time to be unemployed and I may be joining the unemployed at the beginning of the year.
Yeah, it's tough times and likely to get worse. Many will find themselves in a similar situation. Best of luck to you holding onto your job and to megafandrew finding a new one.
 
Old Nov 22, 2008 | 08:41 PM
  #5  
megafandrew's Avatar
Thread Starter
|
HCF Member
Joined: Sep 2006
Posts: 831
From: Calgary, AB
Default

Thanks alot RonJ, thankfully the economy is still going strong here somewhat (it is the strongest province to be living in right now) and I hope you guys stay safe with your jobs or have luck and don't lose what you are doing now, ej6 lol that is a good idea, Im thinking of going to school like Chris (reaper) so I can mabey study automotive technician pre-employment and also draw EI every month while doing it. If I dont have a good job (doesn't necessarily have to be millwright that would be nice tho) by January I am going back to school. I am thankful my Dad has an excellent job in the oil industry and allows me to rent at home for reasonable money or I do alot of fix-ups, yard work around the house for him. Also Clutch I would follow threw with that plan just research the companies, you will be better off if it picks up (which it will) in a few years, I may start doing this too And just so you guys know, many people here (Canada) are well aware of the situations in the USA I wish your country good luck and hopefully Obama can do some good things!
 
Old Nov 22, 2008 | 10:00 PM
  #6  
Masonn's Avatar
HCF Member
Joined: May 2007
Posts: 1,168
From: Saskatoon Saskatchewan
Default

You could move to saskatchewan. Everything is still going really strong here in saskatoon. I haven't heard of ANY lay offs. I've was offered another job today as well and I accepted. I work in cabinetry, and people keep ordering kitchens for brand new houses. So lots of new houses = lots of jobs for everyone. I'm being asked to work overtime too because we have so much work to do and not enough employees. Everyone in saskatoon is short workers. Its crazy. We need another... 5 people (plant has about 50 people) and we'll be set.
 
Old Nov 23, 2008 | 02:39 PM
  #7  
riceburner700's Avatar
Recognized HCF Member
Joined: Jan 2005
Posts: 6,629
From: Loveland CO
Default

Originally Posted by Clutchcargo
On a brighter note, I am using this weakness as a buying opportunity in the stock market. Companies that were trading at $50 just a year ago are less than $1 today. If my plan works, I'll be fairly well off in 10 years. If it doesn't, I'm out a few thousand bucks.
im doing the same thing
 
Old Nov 23, 2008 | 06:54 PM
  #8  
megafandrew's Avatar
Thread Starter
|
HCF Member
Joined: Sep 2006
Posts: 831
From: Calgary, AB
Default

Originally Posted by Masonn
You could move to saskatchewan. Everything is still going really strong here in saskatoon. I haven't heard of ANY lay offs. I've was offered another job today as well and I accepted. I work in cabinetry, and people keep ordering kitchens for brand new houses. So lots of new houses = lots of jobs for everyone. I'm being asked to work overtime too because we have so much work to do and not enough employees. Everyone in saskatoon is short workers. Its crazy. We need another... 5 people (plant has about 50 people) and we'll be set.
Hey Masonn bro.... you got a couch I could crash on lol :P? JK but seriously Ive been considering moving there if I can't find some work here and I do hope Sask. is doing well. It seems Alberta got way to greedy with alot of things (just like alot of what was going on in the USA) that its turning on us. Ill be checking out Saskatoon jobs and rentals stuff like that, if it gets bad enough for me here Ill move just to do work I can enjoy and make a decent dollar. They say Sask. will be the next Alberta type boom except the industry might be different. And good idea with the investing riceburner,. I plan on saving all the money I can and investing it, if you guys are seriously considering investing, I would recommend checking out Suncor shares. Its one of North America's largest oilsands reserves and is the largest in Canada/USA their shares can be say $25 one week and they WILL jump to highs of $110 (I worked there and seen it happen) website is www.suncor.com and the shares value is right on the front page. My dad has worked there almost 30 years now, he bought the shares when they were like 6/7 bucks a piece, he's got about 230,000 dollars worth of them now!
 
Old Nov 23, 2008 | 07:11 PM
  #9  
Marty's Avatar
HCF Member
Joined: Jan 2005
Posts: 8,519
From: South Central
Default









THE ECONOMY IS GOOD, SHUT YOUR MOUTH EVIL DO'ER
 
Old Nov 23, 2008 | 09:20 PM
  #10  
megafandrew's Avatar
Thread Starter
|
HCF Member
Joined: Sep 2006
Posts: 831
From: Calgary, AB
Default

lol ^^ good one :P
 



All times are GMT -8. The time now is 10:20 AM.