Saturday, January 10, 2009

Not A Contest We Want To Win...

These numbers are no surprise to me as I'm starting to see some of the signs that were around back in 1981 when the interest rates went up to 20% and nearly everything came to a standstill. Back then it became so tough that I just decided to put my head down and grind it out and the surprising thing was that when I looked up a few years later things had turned around. This time around I've asked my staff to bear down and focus on providing the best customer service we can and at the same time chase down every opportunity. I'm convinced if we do that we'll weather the storm without any casualties and wouldn't surprise me that we might even grow. There's always opportunity in chaos but you have to go out get it and I'm convinced that our staff is ready to take up this challenge. Islanders are quite resilient to tough economic times so even though these numbers show that PEI seems to be leading the charge I'm sure that the statistics are somewhat skewed to our small population size. My guess is that by mid May when our farmers, fisherman and tourist operators get back to their business these numbers will bounce back and we'll have a better looking economy... but if we're going to keep it we have to stay focused and provide the best in customer service in all the things we do..
P.E.I. jobless rates rises in December
(The Guardian/The Canadian Press)
Prince Edward Island’s unemployment rose to 11.8 per cent in December from November’s 10.7 per cent. Statistics Canada says the national unemployment rate was 6.6 per cent in December. Here’s what happened provincially (previous month in brackets):
— Newfoundland 13.7 (13.7)
— Prince Edward Island 11.8 (10.7)
— Nova Scotia 8.2 (7.8).
— New Brunswick 8.6 (8.7)
— Quebec 7.3 (7.1)
— Ontario 7.2 (7.1)
— Manitoba 4.3 (4.2)
— Saskatchewan 4.2 (3.7)
— Alberta 4.1 (3.4)
— British Columbia 5.3 (4.9)

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