>My job was recently "eliminated" so I am now looking for full-time employment. I am also considering short-term contracts to fill in the gap until I find the right job. Relocation is not an option for me at this time so I have to find something in my hometown or something that allows telecommuting.

Good luck - I've been there three times, and it's no fun at all. Holding my thumbs (Serbian equivalent of fingers crossed) for you.