Moncton Unaffected by Recession?

The idea that Moncton would not suffer negative effects from the US/UK/World Wide recession/depression sounds crazy at first brush. However, Moncton wasn't doing that great to begin with. House prices are relatively low and so are salaries. The Canadian dollar is substantially lower than the American dollar so call centres serving American companies are relatively safe. They continue their hiring binge. And although it is difficult to know if these are new jobs, or simply replacing employees who have committed suicide, they are actual job postings.

People hoarding money, the cause of any recession, need to put it somewhere, and the American subsidiaries of Canadian banks are happy to offer their cheap Moncton based "advisors". Indians haven't learned French, so Sitel Moncton continues to service Bell customers in Quebec. People still need heating oil, so job levels are the same at Exxon. iPhone has been good for Rogers, and their down town call centre is so full they are apparently trying to convince their Moncton workers to work from home!

I'm guessing folks haven't been cancelling their insurance, so that is good for the large Moncton insurance industry. The recession should leave Molson unaffected. During a recession, folks rarely cut down on toilet paper consumption and the local warehouses are just as full of food as before.

In addition, the provincial government is going to build a casino and a new courthouse in the city. Major investments in a metro of about 100,000 people.

In addition, the baby boom is entering retirement age, and they love the nearby ocean. If baby boomers and casino construction isn't enough to maintain the construction industry, then there is always the influx of desperate Northern New Brunswickers who have lost their jobs in the lumber industry.

Certainly there will be a downside if the recession last too long. Underemployed folks who would have traditionally gone to Motreal, Toronto and Fort McMurray may have to stay in town, boosting the local unemployment numbers. Still, compared to Ontario and Alberta, Moncton's recession should be quite mild. 

-Moncton looks to 2009 with confidence 

-Metro growth will continue

•  4230270 Customer service agent
  Employer: SITEL
  Salary: $12.2/ Hourly for 40 hours 
  Location: Moncton, NB
  Date Posted: 2009/01/23
  
  
•  4230271 Customer service agent
  Employer: SITEL
  Salary: $12.2/ Hourly for 40 hours 
  Location: Mo 4242464 Customer service agent
  Employer: SITEL
  Salary: $11.5/ Hourly for 40 hours 
  Location: Moncton, NB
  Date Posted: 2009/01/23ncton, NB
  Date Posted: 2009/01/23

•  4233730 Customer service agent
  Employer: SITEL
  Salary: $11.5/ Hourly for 40 hours 
  Location: Moncton, NB
  Date Posted: 2009/01/23
  
  
•  4233735 Customer service agent
  Employer: SITEL
  Salary: $12 to $12.7/ Hourly, 40 hours 
  Location: Moncton, NB
  Date Posted: 2009/01/23

 4234997 Customer service agent
Employer: Aditya Birla Minacs
Salary: To be negotiated 
Location: Moncton, NB
Date Posted: 2009/01/22

 4245415 Industrial warehouse person
Employer: Protrans Personnel Services
Salary: $11.5/ Hourly for 48 hours 
Location: Moncton, NB
Date Posted: 2009/01/22

 4246471 Customer services representative - call centre
Employer: RBC Royal Bank
Salary: $32000/ Yearly for 37.5 hours 
Location: Moncton, NB
Date Posted: 2009/01/22

•  4242739 Call centre agent
  Employer: ICT Group Inc
  Salary: $10/ Hourly for 35 hours 
  Location: Riverview, NB
  Date Posted: 2009/01/21
  
  
•  4242741 Call centre agent
  Employer: ICT Group Inc
  Salary: $10/ Hourly for 35 hours 
  Location: Riverview, NB
  Date Posted: 2009/01/21
• 
  

 4242640 Warehouseman / woman
Employer: ROBERT THIBERT INC.
Salary: To be negotiated 
Location: Moncton, NB
Date Posted: 2009/01/20

 4242860 Warehouse manager
Employer: Exide Canada Corporation
Salary: To be negotiated 
Location: Moncton, NB
Date Posted: 2009/01/20

 4240137 Shipping and receiving clerk
Employer: Permatile and Supplies ltd
Salary: $10 to $12.5/ Hourly, 40 hours 
Location: Moncton, NB
Date Posted: 2009/01/19

 4240380 Call centre agent
Employer: NCO Customer Management Ltd.
Salary: To be negotiated 
Location: Moncton, NB
Date Posted: 2009/01/19

 4241167 Call centre agent - technical support
Employer: Rogers Communications Inc.
Salary: $12.5/ Hourly for 40 hours 
Location: Moncton, NB
Date Posted: 2009/01/19

 4237325 Call centre agent
Employer: Advantage Communications
Salary: $10.75/ Hourly for 40 hours 
Location: Dieppe, NB
Date Posted: 2009/01/16

 4220832 Labourer - warehousing and storage
Employer: Stocks Equipment Parts
Salary: To be negotiated 
Location: Moncton, NB
Date Posted: 2009/01/06