Jmc Live May 13, 2009

JMC Live May 13, 2009 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

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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: Unemployment  

NYC remained at 8.1% from the previous month and up from 4.6% the previous year 5 Boroughs down to 8.2% over month from 8.4% and up from 4.6%

 NYC   

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(not all bad news but…)

Construction jobs have increased 3%… Stimulus to pay for 8000 new summer jobs (51,000 total) … NYC job losses -2.6% vs. -4.3% national…

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Job Growth… Growth

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Educational & Health Services (+14,600) 

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Other Services (+3,100) 

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Decrease was across arts, entertainment, food services, and drinking places.

Government (-2,700) 

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Seasonal losses and delayed or cancelled projects

Manufacturing (-12,400) Leisure & Hospitality (-4,400) 

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Losses in administrative and support services and employment services.

Natural Resources, Mining, and Construction (-14,700) 

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Losses in retail trade, especially clothing and clothing accessory stores.

Professional & Business Services (-19,100) 

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Losses in finance, insurance, and in real estate and rental and leasing.

Trade, Transportation & Utilities (-23,100) 

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Religious, grant-making, civic, professional, and similar organizations, personal & laundry services

Financial Activities (-24,000) 

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Mostly seasonal gains at colleges, universities, and professional schools.

TARP administration may provide stopgap however large scale tax cutbacks looming…

Information (-2,600) 

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Losses in news & media organizations LHH NYC

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Employment Market Outlook 

STRONG FORECASTS   

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MODERATE OR MIXED FORECASTS       

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Telecommunications – wireless vs. landline Entertainment/Media (Interactive & Non-traditional) Information (Movies & Sound vs. Print, Network TV & Radio) Insurance (Conglomerates vs. Straight Line) IT & IS Healthcare & Education Staffing (Contracting) & Consulting

WEAK FORECASTS    

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Accounting/Auditing/Compliance (SOX), Risk Management Renewable Energy & Construction Security (Cyber, Physical, Economic, & Political)

Real Estate & Mortgage Banking Financial Services: Banking & Securities Consumer Products & Packaged Goods Retail LHH NYC

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NYC Hiring

(a diverse

mix)…            

Interpublic Group (advertising 2010 Census contract $250300M) General Growth Properties $700M 1.7M Sq. ft mixed use project Bronx Terminal Market (5K perm. & 2K constr.) Turner Construction (Yankee Stadium 900 perm. & 3.6K constr.) IKEA (500 positions.) Industrial & Commercial Bank of China Nordstrom, Target, J.C. Penney, Kohl’s, Whole Foods, Pomegranate, Food Cellars Rock-n-Roll Hall of Fame Annex Touro School of Pharmacy Steiner Studios (550 positions) Sivercup Studio ($1B complex) & Kaufman Astoria Studio ($20M expansion) Hospitality: 50 new hotels over next 2 years (+12,000 rooms)

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Flip Side of the Coin… Coin 

Financial Services:    

            12/03/09

Citigroup, JP Morgan Chase, Bank of America Morgan Stanley, Merrill Lynch, Goldman Sachs Credit Suisse, UBS, RBS, Deutsche Bank AXA Insurance, AIG, American Stock Exchange

National Football League Rodale Publishing McGraw-Hill JW Seligman American Airlines Sony BMG L’Oreal Newsweek Time Warner Pfizer Avon MTV Networks

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Variables… 

National Economic Outlook 

Stimulus Bill & TARP (Troubled Assets Relief Program) 

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Continued Real Estate pricing slide…  

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Sub-prime Lending fallout continues Endangered bank list 211)…

Domestic Auto Industry Crisis Job Search competition increasing

M&A and Investment  

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Recession, Bailout, Inflation, Slowdown…

Slowed (valuation, foreign investment) More consolidation (auto, airlines, IT, financial services)

Technology Integration   

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Market forces slowing investment & profit LinkedIn, Naymz, Facebook, Fox Interactive (My Space) Ad revenue decline (Web) LHH NYC

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Recession Employment Bottom Line...  Unemployment  “Patience

is likely to grow 2-3%

is a virtue – Networking ”

 Outstanding

vs. Good…

 Reinvention

the new search motto

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Q & A… 

Industries?

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Occupations?

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Functions?

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Thank You… 

Additional workplace topics…

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Keep reading the JMC Report online: http:// www.esnips.com/web/LHHNYCJMC

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You can review today’s and previous JMC Live presentations online: http://www.esnips.com/web/LHHJMCLive

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Special Guest… 

Welcome: Vincent Scilla

Virtual Management Solutions

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