JMC Live July 18, 2007 Rod Williams Ext. 8583
[email protected]
10/17/08
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Intro Job
Market Consultant – Connecting you to work opportunities in real time (50% external networking activity)
Corporate Recruiters Search Firms Professional Organizations
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Real Time Interactive Job Market Update for NYC Metro Clients Added Value Job Market Intelligence 10/17/08
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Discussion Topics Monthly
Recap Of The NYC Job Market
Employment
Trends & Hiring
Variables?!?!?!? Q
&A
Special 10/17/08
Guests: Standard Chartered Bank & Advice Personnel LHH NYC
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NYC Job Market Recap
Unemployment rate for NYC (5 boroughs) increased to 5.3% from 4.9% and 5.0% a year ago (5 Boroughs – 5.2%, 4.6%, & 4.8%) Job Growth Private Sector added 14,500 jobs up (+1.6%) Non-farm jobs up (0.1%)
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Most Jobs Added…
Professional & Business Services (+9,300)
Financial Activities
Gains focused in durable goods, especially computer and electronic product manufacturing
Construction, Natural Resources
Gains were centered in ISPs, web search portals, and data processing services
Manufacturing
Overall public sector employment decreased seasonally, as public colleges and universities reduced staffing levels
Information
Seasonal employment reductions at many private colleges and universities, reflecting the end of the school year, overshadowed a slight gain in the health care and social assistance job count.
Government & Other Services
Gains were concentrated in retail trade, particularly food and beverage stores
Health & Education
Gains in most component industries, with gains strongest in accommodation and food services.
Trade, Transportation & Utilities
Gains in finance and insurance, particularly securities and commodity contracts
Leisure & Hospitality
Gains in professional, scientific and technical services, especially legal services
Seasonal gains as all component industries added workers, most notably specialty trade contractors
Other Services
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Gains were centered in repair and maintenance and in personal and laundry services LHH NYC
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Employment Market Outlook
10/17/08
STR ONG FO REC ASTS Investment Banking & Securities Accounting/Auditing/Compliance (SOX) IT & Web services (Networking Staff, Application Developers, & Database Mgrs) – Vista Renewable Energy Healthcare & Education MOD ERATE OR MIX ED FO REC AST S Insurance Telecommunications – wireless Entertainment/Media (Interactive & Non-traditional) Retail WE AK FO REC ASTS Real Estate & Mortgage Banking Information (Print, Network TV & Radio)
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NYC Hiring (a diverse mix)…
Javits Center expansion (6K perm. & 15K constr.) Bronx Terminal Market (5K perm. & 2K constr.) Standard Chartered Bank (Dbling workforce: 120K in 4-5 yrs) Citigroup (1800 jobs in LI City complex) Turner Construction (Yankee Stadium 900 perm. & 3.6K constr.) Microsoft (adding 140 positions in support of Vista) Countrywide Financial (30 branches) Commerce Bank (10 branches) Amalgamated Bank (2-3 branches) 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 (100) Delta Airlines (doubling presence @ Kennedy Airport) Jet Blue Airways Corp Federal Express (100 positions) Steiner Studios (550 positions) Hospitality: 50 new hotels over next 3 years…
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Variables…
National Economic Outlook
M&A and Investment
(7.1B 1st 2nd Qtr & 14.5B ’07)
Kraft Unilever Virgin Mobile
Technology Integration
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Continued Real Estate slide… Sub-prime Lending fiasco… Volatile Markets
Vista, Leopard, Safari, Google, Ad revenue decline (Web) LHH NYC
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Q&A Industries?
Occupations?
Functions?
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Thank You… Additional
workplace topics… Keep reading the JMC Report online: http://www.esnips.com/web/LHHNYCJMC
I’m available via your Consultants… Standard Chartered Bank Advice Personnel
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