Jmc Live 3-08 Pres

JMC Live March 5, 2008 Rod Williams Ext. 8583 [email protected]

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LHH NYC

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Intro 

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Job Market Consultant – Connecting you to work opportunities in real time (50% external networking activity)  Corporate Recruiters  Search Firms  Professional Organizations A Real Time Interactive Job Market Update for NYC Metro Clients Added Value Job Market Intelligence LHH NYC

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Discussion…  Recap

Of The NYC Job Market

 Employment

Trends & Hiring

 Variables?!?!?!? Q

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&A LHH NYC

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NYC Job Market Recap Unemployment: for NYC increased to 5.4% from 5.1% and increased from 4.4% a year ago (5 Boroughs – 5.2%, 5.0%, & 4.0%)  Job Growth Private Sector grew (+1.4%) Non-farm jobs up (+1.4%) 

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Most Jobs Added…

Health & Education (+25,700)  Gains in health care and social assistance offset seasonal losses in educational services, which were centered in colleges, universities, and professional schools. Professional & Business Services (+22,400)  Increase was concentrated in professional, scientific and technical services, especially accounting, tax preparation, bookkeeping and payroll services. Leisure & Hospitality (+9,800)  Increase was centered in arts, entertainment, and recreation. Financial Activities (+8,700)  Increased over the month with most gains in real estate and rental and leasing. Trade, Transportation & Utilities (+8,500)  Increase reflected seasonal gains in retail trade, particularly at clothing and clothing accessories stores and general merchandise stores. Construction (+7,400)  A seasonal decrease, especially in specialty trade contractors. Government (+6,300)  Increases at public elementary and secondary schools, part of local government, accounted for most of the government’s employment gain Other Services (+1,800) Information (-100) Manufacturing (-21,200)

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Employment Market Outlook 

STR ONG F ORECAS TS  Accounting/Auditing/Compliance (SOX)  IT & Web services (Networking Staff, Application Developers, & Database Mgrs) – Vista  Renewable Energy  Healthcare & Education  Insurance

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MOD ER ATE OR MIXED F ORE CAST S  Telecommunications – wireless  Entertainment/Media (Interactive & Non-traditional)  Investment Banking & Securities

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WEA K F ORE CAST S  Real Estate & Mortgage Banking  Retail  Information (Print, Network TV & Radio)

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NYC Hiring               

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(a diverse mix)…

Bronx Terminal Market (5K perm. & 2K constr.) Standard Chartered Bank (Doubling workforce: 120K in 3-4 yrs) Citigroup (1800 jobs in LI City complex) Turner Construction (Yankee Stadium 900 perm. & 3.6K constr.) Nordstrom, Target, J.C. Penney, Kohl’s NYC Industrial Development Agency (Brooklyn & Queens – 6 companies = 150 positions) Interpublic Group (advertising 2010 Census contract $250-300M) LuluLemon Athletica (athletic clothing retailer 5 locations) ‘wichcraft (22 restaurants) Port Authority NY/NJ – 200 customer care jobs & 70 new airport stores ARES Printing & Packaging & Inland Paper Products Delta Airlines & American Airlines (major expansions @ JFK) Federal Express (100 positions) Steiner Studios (550 positions) Hospitality: 50 new hotels over next 2 years…

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Flip Side of the Coin…                 10/17/08

Citigroup Altria JP Morgan Chase Nomura Securities Morgan Stanley Health Insurance Plan of Greater NY Bank of America Merrill Lynch Disney Publishing moving to White Plains Sony BMG Bear Stearns Time Warner Pfizer Victory Memorial Hospital NBC moving to NJ Avon Broadridge Financial LHH NYC

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Variables… 

National Economic Outlook      

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M&A and Investment  

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Possible Recession, Inflation, Slowdown… Continued Real Estate slide… Sub-prime Lending fallout continues… Volatile Markets Domestic Auto Industry Job Search competition Slowing (hunting for bargains) Microsoft, Yahoo, & Google

Technology Integration  

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Vista, Leopard, Safari, Google, LinkedIn, Naymz, Fox Ad revenue decline (Web) LHH NYC

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Q & A… 

Industries?

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Occupations?

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Functions?

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Thank You…   

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Additional workplace topics… Keep reading the JMC Report online: http://www.esnips.com/web/LHHNYCJMC You can review today’s and previous JMC Live presentations online: http://www.esnips.com/web/LHHJMCLive I’m available via your Consultants… New York City Teaching Fellows

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