The past couple of weeks has shown some life in the stock market. The Dow Jones has climbed steadily along with the NASDAQ. In fact, the Dow rose over 200 points today based on upbeat predictions from a few companies that the 2nd quarter seems to be improving. The banks did okay with the stress test done by the Treasury department, though they need to raise about $75 billion in additional capital among the 9 largest banks.
A dim spot is the auto industry. Chrysler is in bankruptcy and General Motors is not far behind it seems. Both have announced closing of over 2,000 dealerships combined, this puts almost 300,000 additional people out of a job. The supply chain is also effected adversely. With delayed payment for past shipments, these smaller customers are strapped for cash. So things are not all together good in Motown.
Recent surveys suggest that travel over the upcoming Memorial Day will be better than last year. This is partly in response to lower gasoline prices. Remember last year with it's $4+ per gallon? Maybe pent up demand will help get the summer season off to a good start.
Maybe with the economy starting to show a little life it is time to consider a new career. If the perilous decline over the last 12 months has caused numerous layoff in you industry, maybe a change is needed. The travel and hospitality offers many career paths, and though it is influenced by the economy, people will still manage to get out to travel. And the seasonal nature of the industry does have some influence. Job.travel offers many jobs in the travel and hospitality industry, log in in and find a new career.
Monday, May 18, 2009
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