Jmc Live 8-07 Pres

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JMC Live July 18, 2007 Rod Williams Ext. 8583 [email protected]

10/17/08

LHH NYC

1

Intro  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 10/17/08

LHH NYC

2

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

3

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%)

10/17/08

LHH NYC

4

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 

10/17/08

Gains were centered in repair and maintenance and in personal and laundry services LHH NYC

5

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)

LHH NYC

6

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…

10/17/08

LHH NYC

7

Variables… 

National Economic Outlook   



M&A and Investment 

(7.1B 1st 2nd Qtr & 14.5B ’07)



Kraft Unilever Virgin Mobile

 



Technology Integration  

10/17/08

Continued Real Estate slide… Sub-prime Lending fiasco… Volatile Markets

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

8

Q&A  Industries?

 Occupations?

 Functions?

10/17/08

LHH NYC

9

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 

10/17/08

LHH NYC

10

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