Jmc Live 9-07 Pres

JMC Live September 12, 2007 Rod Williams Ext. 8583 [email protected]

10/17/08

LHH NYC

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Intro 

Job Market Consultant – Connecting you to work opportunities in real time (50% external networking activity)   

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 10/17/08

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 Topics 

Monthly Recap Of The NYC Job Market

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Employment Trends & Hiring

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Variables?!?!?!?

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Q&A

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Special Guests: Morgan Stanley, Bear Stearns, & Resources Global

10/17/08

LHH NYC

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NYC Job Market Recap 

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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

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Most Jobs Added… 

Professional & Business Services (+9,300) 

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Financial Activities 

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Gains focused in durable goods, especially computer and electronic product manufacturing

Construction, Natural Resources 

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Gains were centered in ISPs, web search portals, and data processing services

Manufacturing 

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Overall public sector employment decreased seasonally, as public colleges and universities reduced staffing levels

Information 

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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 

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Gains were concentrated in retail trade, particularly food and beverage stores

Health & Education 

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Gains in most component industries, with gains strongest in accommodation and food services.

Trade, Transportation & Utilities 

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Gains in finance and insurance, particularly securities and commodity contracts

Leisure & Hospitality 

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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

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Employment Market Outlook Investment Banking & Securities 

STR ONG FO REC ASTS   

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MOD ERATE OR MIX ED FO REC AST S    

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Insurance Telecommunications – wireless Entertainment/Media (Interactive & Non-traditional) Retail

WE AK FO REC ASTS  

10/17/08

Accounting/Auditing/Compliance (SOX) IT & Web services (Networking Staff, Application Developers, & Database Mgrs) – Vista Renewable Energy Healthcare & Education

Real Estate & Mortgage Banking Information (Print, Network TV & Radio) LHH NYC

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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) 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   

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M&A and Investment 

Slowing based on tightening credit

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Kraft Unilever Virgin Mobile

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

Technology Integration  

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

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Q&A

10/17/08

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Industries?

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Occupations?

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Functions?

LHH NYC

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Thank You…  

Additional workplace topics… Keep reading the JMC Report online: http://www.esnips.com/web/LHHNYCJMC

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10/17/08

I’m available via your Consultants… Morgan Stanley Bear Stearns Resources Global

LHH NYC

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