Doomsday for the job market is ahead

Doomsday for the job market is ahead

 14 Jul 2017

In fact, I believe in the complete opposite in the short term at least, I think this is becoming the best job market we have had across the board since I came out of university in my mid 20's. Of course, certain industries have had some dramatic downturns in the last couple of years with the prices of oil sinking below $30 for the first time since the start of the new millennia. But with the recovery to its current price of $45 there is noticeable optimism and increased levels of activity in the job market.
There are words of warning coming from some corners of the world as we are currently within the 3rd longest bull market since the war. There will always be the usual doom and gloom from some people but realistically and honestly, we have never had it better. The duration of the current bull run is unknown and who knows we might even match or exceed that of the Clinton era when the Dow went from 3,200 to 11,000 in 8 years. For all of us at the moment, the near future still looks rosy and the job market is going from strength to strength. For example, in Shipping some of the largest shipyards in the world are starting to receive increasing numbers of orders for oil tankers and gas carriers again. It would appear that confidence has returned to the market and the purse strings are starting to be released again.
What does this mean for the average job hunter?
If you are happy in your current position then great, enjoy it and carry on as you were. If you aren't enjoying your current job or don't feel challenged enough then this may be the perfect time to look for a move for something different, an increased salary or a new challenge. We owe it to ourselves to only make a move for the right reasons, seeing as we spend over ten years at work during our lifetime it is important that we get enjoyment from our chosen profession and feel part of a great team. Moving solely for monetary reasons can have it's benefits but making sure that you move into a new position where you are happy with the full package and working environment is surely more important. Especially, when you will have to hang onto it for a while when the doomsday eventually strikes again.
(Written by Gordon Rennie)

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