Thursday, October 29, 2009

Job Loss Offset by Strategic Planning...

A key component to the geospatial market place is city, county, state, and federal agency business. The activity occurring today originated with opportunity tracking in administrations that have long since expired. Future business is being secured now in strategic planning sessions that are establishing contracts that will carry organizations offerings through the next decade.

Engineers and architects, GIS analysts and developers, all face a tough job market, but thanks to the long term contracting vehicles awarded in the previous decade, geospatial employment has been less volatile as say publishing jobs that are disappearing because companies have cut back on advertising spending and readers are increasingly turning to the Internet for free content.

Last week at the 2009 GEOINT Symposium, exhibiters highlighted the future of geospatial technology and the continuing need for geospatial information. 3D holographic imaging, launched satellite images, and earth measuring instrumentation are developed to meet long term demands of governments around the globe.

Today's total unemployment numbers reported by the Department of Labor show that there were 530-thousand initial jobless benefits claims filed last week, only one-thousand fewer than in the previous week. The total number of unemployment claims for the week ending October 17th, including continuing claims, is down to about 5.8 million. That's a drop of 148-thousand, the lowest level for continuing claims this year since March. The biggest improvement in the numbers is found in Wisconsin, New York state and Pennsylvania.

This quarter has shown an uptick in geospatial job prospects and a renewed enthusiasm for this sectors work and technology is echoed by the earnings reported by publicly traded imagery providers, imagery information product companies and image processing services organizations. It's been a tough year but job losses have certainly been offset by the strategic planning sessions that secured dependable business.

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