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Uptick in Job Listings

Written by Admin
Saturday, 01 May 2010
Bahamas Banking Jobs The Bahamas Job Market appears to be on an upward swing in 2010 as we recognize an increase in Job openings in Banking, the Financial Services Industry and other businesses. Institutions like Credit Suisse (offshore banking) and commercial banks like FirstCaribbean and the Royal Bank of Canada have several positions they are actively recruiting for (Click here to See Job postings). In addition, we have the positive Jobs news coming out of the Baha Mar Project as they move forward with the multi-billion dollar resort that will be built at the Cable Beach site (Read more on our Business Forums). Sandals Resort has also launched a recruitment drive as it bulks up on Financial personnel and other hospitality positions. Statistics released from the Central Bank of the Bahamas recently, say that amid the incipient global recovery underway, domestic economic indicators showed tentative signs of stabilisation. Initial tourism sector statistics suggested a slightly positive outcome for the key stopover segment of the market, following the sharp downturn of a year earlier (2009); and inflation pressures moderated further. On the monetary front, both liquidity and external reserves registered growth and the banking Industry saw some betterment in the banking industry as loan loss provisions saw some improvements. Overall it seems like the Bahamas, like our big brother the United States is seeing improvements in the employment picture in 2010.
Last Updated ( Sunday, 02 May 2010 )

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May 2010 Report: Preliminary evidence suggests that the domestic market continued to stabilise in May, aided by the ongoing, though still fragile, recovery in the global economy. Tourism output showed an improving trend, buoyed by gains in the key stopover segment of the market, while public sector projects provided some support for construction activity, which continued to be weighed down by sustained weakness in private sector investments.

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