Dear Job
Seekers:
According to some analysts, the
economic recovery trend that was predicted in the second
half of 2003 will continue into 2004, sustaining the
growth trend and even expanding it for 2004, bringing
some signs of hope to the economy. However, there are
some uncertain factors that may substantially affect
the economic and job market situations, such as the
way the foreign exchange market is driven by the stronger
Yen and a weaker U.S. Dollar resulting in the so-called
“twin-deficit”. This is due to financial
and trading deficits created by the United States. Also
impacting economic factors are the developments in Iraq,
the continued threat of terrorism and the upcoming 2004
U.S. Presidential Election in November. All of these
factors should be considered when conducting your career
search.
Hiring
Trends by the Japanese Companies in the Midwest |
Because the Midwest offers a variety of convenient
transportation methods, Japanese companies have
been able to strengthen their ties with customers
whose headquarters are located in the Chicago suburbs.
Numerous Japanese companies have launched their
operations in the state of Illinois, in many different
industries, namely automotive and automotive parts,
steel, electric and electronics, construction, tooling
equipment, logistics, finance, and pharmaceutical.
It seems that hiring by Japanese companies in Illinois
is not expected to increase dramatically, and many
are merely maintaining the status quo. Automotive
related industries are the primary industries in
other Midwestern states, such as Michigan and Ohio,
and these industries are seen as the driving forces
for the American economy. However, Japanese companies
conducting business within these industries are
gearing up their hiring efforts and this trend seems
likely to continue. When conducting a career search,
it is critical that one researches which industries
are experiencing growth and whether or not hiring
is taking place. Your decision to apply in a specific
industry should be based on your research results. |
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