Jmc Live September 2, 2009

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JMC Live September 2, 2009 Rod Williams Ext. 8583 [email protected]

12/03/09

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

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Discussion…  Recap

Of The NYC Job Market

 Employment

Trends & Hiring

 Variables?!?!?!? Q

&A

 Financial

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Services Volunteer Corps

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NYC Job Market Recap 

Unemployment: Unemployment  NYC

increased to 9.6% from 9.4% the previous month and up from 5.4% the previous year  5 Boroughs climbed to 9.8% from 9.3% over the previous month up from 5.7% last year 

NYC (not all bad news…)  Financial

Services continues to inch closer to recovery…  The market has experienced some stability…

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Job Growth… Growth 

Government (+28,100) 



Educational & Health Services (+25,500) 





Losses in administrative and support services and employment services.

Manufacturing (-12,600) Natural Resources, Mining, and Construction (-9,800) 



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

Professional & Business Services (-28,900) 



Employment losses in financial activities were largest in finance and insurance, especially securities, commodity contracts, and related activities.

Trade, Transportation & Utilities (-29,000) 



Increase across arts, entertainment, food services, and drinking places.

Financial Activities (-37,400) 



Religious, grant-making, civic, professional, and similar organizations, automotive repair & maintenance.

Leisure & Hospitality (+600) 



Mostly gains at colleges, universities, and professional schools.

Other Services (+2,700) 



Summer youth jobs.

Seasonal losses and delayed or cancelled projects

Information (-4,300) 

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Losses in motion picture & sound recording. LHH NYC

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Employment Market Outlook 

STRONG FORECASTS    



MODERATE OR MIXED FORECASTS     



Accounting/Auditing/Compliance (SOX), Risk Management Healthcare & Education Renewable Energy & Construction Security (Cyber, Physical, Economic, & Political) Telecommunications – wireless vs. landline Entertainment/Media (interactive & non-traditional) Insurance (Conglomerates vs. Straight Line) IT & IS Staffing (Contracting) & Consulting

WEAK FORECASTS     

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Real Estate & Mortgage Banking Financial Services: Banking & Securities Consumer Products & Packaged Goods Information (movies & sound vs. print, network TV & Radio) Retail

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NYC Hiring (a diverse mix)…             

Interpublic Group (2010 Census contract $250-300M) General Growth Properties $700M 1.7M Sq. ft mixed use project Marcum & Kliegman Accounting firm (800 positions) IKEA (500 positions.) Industrial & Commercial Bank of China Wal-mart relocating apparel buying and planning group Retailers: Costco, BJ’s, Nordstrom, Target, J.C. Penney, Kohl’s, Supermarkets: Whole Foods, Pomegranate, Food Cellars Rock-n-Roll Hall of Fame Annex Elizabeth A Connelly Emergency & Trauma Center Steiner Studios (550 positions) Sivercup Studio ($1B complex) & Kaufman Astoria Studio ($20M expansion) Hospitality: 50 new hotels over next 2 years (+12,000 rooms) including Hyatt (2 properties)

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Flip Side of the Coin… Coin 

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

             12/03/09

National Football League McGraw-Hill & Rodale Publishing & Newsweek General Growth Properties, Coldwell Banker Hunt Kennedy, DTZ Rockwood Bloomberg American Airlines & ATA Airlines Balducci’s Weisman Discount Home Centers American Stock Exchange & NYSE Euronext Filene’s Basement, Oilily, Ultra Stores, Door Store, Finlay Enterprises Time Warner & MTV Networks Salvation Army* JW Seligman WolfBlock LLP LHH NYC

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Variables… 

National Economic Outlook 

Stimulus Bill & TARP (Troubled Assets Relief Program) 



Continued Real Estate pricing slide…  

 



Sub-prime Lending fallout continues Troubled bank list grew to 416 from 305 in a month)…

Domestic Auto Industry Crisis Job Search competition increasing

M&A and Investment  



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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Recovering Economy Employment Bottom Line... 

Unemployment will continue to increase



Mid-tier firms are continuing to grow



Executive search down 35%



Outstanding vs. Good…

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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



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

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Special Guest… Myla Yee Financial Services Volunteer Corps

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