Engineering work is down all over North America. The "global" companies have established "offices" in cities like mine which have two local and licensed engineers owning a franchise type operation. They bid on jobs cheap and the engineering is done at the head office... maybe Toronto, maybe Barbados, maybe Delhi, etc.
I am looking at other avenues myself. As an engineer with a Master's Degree, I may be a greeter at Walmart because I fit the profile. Or move to China where Walmart begins. Maybe I could work for the Chinese here after they buy the country... they are in the process of buying it.
Still, I am far better off than skarpi... for now.