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[farm_boy]

I say this because I'm teaching on a year-by-year basis (as Instructor) in a U.S. university.  There are rumors of cuts.  I can probably work here one more year, but I won't know until August.

I'm not quite ready to teach English overseas (again), but I fear that if I wait until next year to apply, I may find myself unemployed, and it may not look good for a potential employer.

Or does it matter, as long as I have the credentials, the experience, and positive references?

[eddean]

I cannot answer your question but I have always found that it is better to look for a job before I need one. I would apply now. 

[der_gadfly]

For years, being out-of-work was a serious issue with employers (in general), but I suppose that in the current economic downturn, hiring authorities will not look askance at a period of unemployment. YMMV as will the situation in higher education.

[sir_lancelot]

What keeps you from applying now? If you don't need it you don't have to accept it IF you get an offer! Just like eddean, I find it easier to find a job if I have one already or if I have another offer. If nothing else, having options is good for your confidence!

[farm_boy]

Thanks for the replies.  It looks like I'll get a contract for another year, so that means I'll postpone my overseas search for about a year.