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New York City Job Market Update

Newsletter for LHH New York City office (Go to: February 5, 2007

In This Issue “JMC Live” is now on Wednesdays at 12:30PM. This

• Job Market Intel month’s guest is Brenda Gill, the Asst. Gen. Counsel at
• Career Events Horizon Healthcare.
• Networking Events Join us and hear Ms. Gill’s perspective on opportunities in asset management, IT, M&A, securities
and compliance as viewed from her position as the Asst General Counsel for Horizon Healthcare. So
• JMC Job Search Tips don’t forget to register to hear my discussion of the top hiring trends and also to participate in an
interactive session with Ms. Gill. Look forward to seeing you there
(Don’t forget to register. Seating is limited!)
Also Included
• Useful Web Sites
• Media Resources Job Market Intel
• Blue Steps Reasons to be cheerful
Jan 31st 2007 | NEW YORK
• Network of Experts From
THIS week Ben Bernanke, the chairman of the Federal Reserve, marks the end of his first year as
• Job Lead Sampler America’s central banker. After a slightly rocky start, when several remarks startled the markets, Mr
Bernanke seems to be coming into his own. His pronouncements have grown more measured (if also
more bland) and he has gained credibility with the markets.

Get Your Copy He settled into office at a slightly tricky time. He bore responsibility for deciding when to pause the
NYC Job Market Update long series of quarter-point rises in interest rates, at a time of rising inflation, high energy prices and
a deflating bubble in the housing market. His decision to do so in August now seems vindicated by
available online at: events. Until recently the economics scene was grim with talk of just 1% growth, or perhaps outright
C Access the latest and recession. Now, suddenly, things seem sunnier. On Wednesday January 31st new figures for the last
quarter of last year showed the economy grew at a stronger than expected annual pace of 3.5%.
back editions. Copies are
also available in the This was despite dramatic softening in the housing market. Construction spending has made a
common areas and from sizeable contribution to GDP in recent years, but the fourth quarter continued a marked decline;
your consultants… If you residential fixed investment fell by almost 20%. In a separate announcement on Wednesday, the
have information to Commerce Department indicated that residential construction spending in December was 12.5%
lower than the level a year earlier, with the decline concentrated in single-family homes. The drop in
submit, contact Rod
residential fixed investment cut 1.2% from GDP.
Williams at or Even more than a drop in construction, however, economists have worried about the effects of falling
212.455.8583. Thanks in housing prices on consumer spending. For years now, consumers have tapped home equity to
advance! sustain spending, and even those who have not may be spending more freely because their rising
home values make them feel wealthier. It was expected that when the bubble deflated and the
process reversed itself, the result might be a recession.

CRN SpotLight The bubble has certainly deflated—the latest data show a fall of 0.8% in December existing home
sales, more than economists had expected. But it is not as bad as feared. Thanks, it is believed, to
price adjustments, the sales of new homes are surprisingly strong. Consensus estimates had
Check out the approximately predicted a rise of a little over 1.2% for these in December; instead, they surged by almost 5%, after
150,000 jobs on LeadLink a healthy rise in November. But consumers remain cheerful. On January 30th the Conference Board,
and don’t forget to keep your a private research group in New York, said that its confidence index, which had been expected to
resume updated on Resume remain flat, had edged up slightly.
Reserve. New employers
Much of the movement came from a significant shift in consumer perceptions of the job market.
and recruiters are added and Although George Bush’s government has been touting low rates of unemployment for years, beneath
are searching daily. the headline figures conditions have long looked less rosy for the average worker, with shrinking
labour-force participation and stagnant real wages. The figure for average weekly hours worked is
Access both on the web at: still dropping slightly, indicating further slack in the labour market. But both hourly and weekly

1 earnings started to rise in the second half of last year, and a jobs report to be published on Friday is
likely to show these trends continuing.
Blue Steps In particular, some of the structural conditions that have plagued the labour market may be
improving. The low labour-force participation rate (it is still almost a full percentage point below its
peak) and the lengthening duration of unemployment, which rose from just over 12 weeks in 2001 to
We have negotiated a 20% more than 20 weeks in 2004, have lent credence to the idea of “jobless economic recoveries”. This
discounted rate for LHH clients suggests that unemployment is increasingly caused not by cyclical factors—when workers are
with Blue Steps the executive temporarily laid off as aggregate demand drops—but by structural changes, when whole job
search web site owned and categories and industries suffered permanent reversal. Workers displaced by the latter sort of shock
operated by the AESC take longer to find jobs, and may struggle to transfer skills and get the same level of pay.
(Association of Executive Recently, however, those indicators have started to improve. Average hours worked are creeping
Search Consultants) which is back towards their historical averages, while the duration of unemployment has fallen sharply. The
their professional organization economy also appears to be creating jobs more quickly today. And consumers may be cheered by
made up of over 200 of the top other factors, such as declining energy costs: oil is trading at around $56 a barrel, and petrol prices
are flirting with $2 a gallon.
executive search firms. See
your consultant for details. Not that this makes Mr Bernanke’s job easy. He will be watching labour costs for signs of inflationary
AESC has around 200 pressure. And those pleasant indicators could easily become less attractive. Many still fear for the
member search firms, with housing market. Some OPEC members may try to push up oil prices again. Mr Bernanke has
weathered his first difficult passage, but it is unlikely to be his last.
around 4000 consultants
around the world.
From Execunet:
Recruiters Bullish About Executive Search Activity In First Half of ’07
ExecuNet's benchmark Recruiter Confidence Index hit an all-time high in December, as 82.5 percent
of 120 responding executive search consultants indicated they are "confident" or "very confident" that
the executive recruitment market will grow in the first half of the new year. That mark topped a
previous recruiter confidence record set in November of last year by two-and-a-half percentage

"Search firms are confident in the continuing upward curve as they have had a 'flurry' of new
searches come in and others promised as part of 2007 planning during discussions with clients who
want to be in line to be served," says Janet Jones-Parker, managing director of Jones-Parker/Starr, a
Chapel Hill, N.C.-based consulting firm that recruits talent for search firms and corporate executive
staffing teams. Further, adds Jones-Parker, a former president of the Association of Executive Search
Consultants (AESC), "There is a solid year coming up in every economic sector." Introduced in May
2003, ExecuNet's Recruiter Confidence Index has been confirmed by independent analysis as a
"leading indicator" of executive search activity. So, with that in mind, let the good times roll!

Manhattan tech firms attract VC funding

By: Amanda Fung
Published: February 5, 2007 - 1:19 pm

Three Manhattan-based tech companies have attracted significant investments as venture capitalists
find more opportunities in New York.

Venture firms Greenhill SAVP and North Hill Ventures led the $14 million investment in Serious Inc., a
digital publishing and marketing firm.

The tech industry is in its third year of recovery, and Silicon Alley entrepreneurs who were burned
during the dot-com crash have resurfaced with newfound wisdom.

London-based venture firm DN Capital led the $10 million investment in Digital Railroad, which
developed technology that manages professional digital photographs. Morgenthaler Ventures and
Venrock Associates also put money in Digital Railroad.

Additionally, Manhattan-based Hanger Network, a marketing firm that uses eco-friendly hangers to
advertise to consumers, announced Monday it has raised $8 million from venture firms Kodiak
Venture Partners and Sigma Partners.

Some 249 New York area companies received venture financing last year, a 44% increase over
2005. Total investment reached nearly $2 billion.

Job Fairs

Are you a business professional with 5+ years of work experience?

Want to take your career to the next level?

Register for the Vault/BusinessWeek Experienced Hire Career Fair today.

Interact with hiring decision-makers and recruiters in small groups .

Gain access to elite jobs at top companies – normally found only through recruiters or inside
Free of charge to professional attendees.
Your contact information is kept strictly confidential.
Employers attending the event are actively searching for quality positions in multiple locations,
industries and functions.
Visit multiple employers.
The Fair is suited to both active job seekers and job seekers who may be seeking great
opportunities in the near future.

Experienced hire job seekers must pre-register for the event by March 1, 2007.
Employers have already begun to extend invitations to candidates so sign up
Event Information
March 20, 2007
Time: 8:30 a.m. - 8:30 p.m.
McGraw-Hill Conference Center
1221 6th Avenue, 2nd Floor
New York, NY 10020

Networking Events (free / low cost events that may interest you)
High Speed Networking
February 8; 6:30 to 8:30 p.m.; Make new business contacts and network with other professionals;
Advanced booking recommended; Held at Techspace
Fees: $25 NFP members, $35 non-members. At the door: $40
Techspace 41 East 11th Street, 41 East 11th Street, New York, New York 10003
Sponsor information
Networking For Professionals
Contact:, 718.625.1369
Web site:

Long Island Shakers and Stirrers
February 15; 6 to 8 p.m.; Make quality business connections and mingle with top professionals; Held
at Black Forest Brew Haus
Fees: NFP Members: $10, Non-Members: $15 AT DOOR: $20 for everyone
2015 New Highway, Farmingdale, New York 11735

Sponsor information
Networking for Professionals
Contact:, 718.625.1369
Web site:

Business Networking Function

February 27; 6 to 8 p.m.; Monthly networking event; Share information, ideas and to build new
business referral relationships; Held at Social Bar and Lounge; RSVP for seating.
Fees: Free
795 Eighth Avenue, New York, New York 10019
Sponsor information
Nationwide Equities Corp.
Contact:, Evantz Saint-Gerard 917.975.5985
Web site:

The "C" Network

"Surviving Corporate America"; Tuesdays, 1 p.m.; people of various professions are brought together
to debate how to break through the elements for finding work; paid preregistration required; call for
locations and further information.

Fees: $12
100 Park Avenue, New York, New York 10017
Sponsor information
The "C" Network
Contact:, 718/263-3501

JMC Job Search Tips (Simple Things pt 48…)

Marketing My Best Product…
Now that all the hoopla over the Super Bowl and its commercials is over, it’s a good time to
think about our own commercials. There are some good lessons to be gleaned from
studying marketing techniques as applied in this most expensive advertising event ever.
The primary points: it needs to A) memorable, B) tied to the product or service, and C) able
to tout its differentiators. How does your commercial stack up? Do you make a
memorable, positive impression on hiring managers? Does your message clearly connect
you to your “marketing materials” i.e. resume, cover letter, etc.? And finally, Do hiring
managers come away from your conversations with a concise understanding of why you
would be the right difference maker in his/her organization? The answer to all three of
these questions should be an emphatic Y-E-S or you’ve got more work to do until you can
be as sure of your results as those who paid $85K per second in the big bowl game!

Please note: The next “JMC Live” will be held on WEDNESDAY, February 7,
2007 at 12:30…

Useful Web Sites
Here are a few free online locations that could prove helpful (if you know of other new or
unique sites forward them to me at It's a new design, new navigation and a ton of new content. But most excitingly for
us, our site now includes something that so many of our members have asked for: a careers site!
Our careers area, WorldWIT's Hire Ground, is the first online recruiting site that reaches women 'at
the intersection of work and life' with job alerts in the daily WorldWIT email digests. Jobs are also
posted on the searchable WorldWIT's Hire Ground website bills itself as a portal for entry-level or a mid-management
positions. has got you covered. With our FastAPP feature we have made
searching for jobs faster and easier than ever. Simply complete an application and we’ll send it to
matching employers in your area. a site for those seeking opportunities in publishing, licensing, children’s &
family media, entertainment, interactive media, and related areas an excellent site that provides Free Job Search - over 100,000 Active Jobs!
Free Resume Distribution, Free GadBall Discussion Forums, Free Career Email Address, Free
Personal Email Address features links to For Sale Listings and many other types of information
portals from television/movie listings to the weather. It also has an online calendaring tool, news,
games, and entertainment links. bills itself as the leading financial services online job board bank jobs, finance jobs, recruitment in the financial markets,
accounting and investment banking another site that’s pretty cool. It bills itself as the following: craigslist is
about: giving each other a break, getting the word out about everyday, real-world stuff. restoring the
human voice to the Internet, in a humane, non-commercial environment. keeping things simple,
common-sense, down-to-earth, honest, very real. providing an alternative to impersonal, big-media
sites. being inclusive, giving a voice to the disenfranchised, democratizing ... being a collection of
communities with similar spirit, not a single monolithic entity. provides industry specific career channels with a wealth of
information tailored to your career goals. Select a career channel to research industry information,
search jobs and build your portfolio. Recruiting Trends reports that, an employment website
for Information Technology (IT) professionals and those who employ them, has launched a new web
site where IT professionals can discuss their careers, technology, current events, and more. The new
community called "The Community," also offers employers resume keyword
searches, and job seekers the ability to search for high tech jobs on a listing site that focuses on jobs in professional sports with teams,
offices, and connected entities (sports management, sporting goods, etc.). Here’s what they say
about themselves: 71% of the jobs posted here were filled by online candidates! currently has over 1,000 jobs posted in the following fields: Sports
Marketing, Sales, Advertising & Promotions, Public Relations, Sports Media, Broadcasting, Facilities,
Sports Events & Operations, Recreation, Health & Fitness, Website, Technology & Computers a terrific informational resource for job seekers NY Labor Bureau site for IT employment (thanks Jay Colan) bills itself as “ launched in 2001 to assist BIG 4, Top Tier,
Software 500, Fortune 1000 IT job seekers most impacted during the downturn has grown to
286,000 members and is utilized by over 9,775 IT specific recruiters.” currently operates in CT, DC, DE, OH, MD, NY, NJ, PA, VA,
and WV , and provides a totally regional job search experience using our unique Latitude/Longitude
functionality. great search site that uses Google, Yahoo, Ask Jeeves, About, Look Smart,
Overture, and FindWhat (talk about powerful!) the name says it all

Free web sites continued… links to job postings for 11 New Jersey newspapers including
the statewide Star-Ledger a site for Senior Executives lists executive Jobs lists non-profit executive level jobs lists non-profit executive level jobs lists Big Five Jobs claims currently over 3,000,000 jobs posted by
companies that use them and searched from over 300 major career sites along with jobs including 1-,, American Jobs, Infoworks USA, America's Employers, JobBank USA,
America's Job Bank, Job Pilot USA, Bakos Group,, Career Avenue,, Best Jobs USA, NationJob Network, Career Builder,, Career Mosaic,
Perot Systems,,, Career Magazine, Recruiters Online Network, Career
Web, Select,,,, The Job
Resource,, Top Echelon,,, Employment 911, US Careers
Resource Center,, Westech Virtual Job Fair. Offers some pay services but quite
effective without them. more tech jobs site helps you
find IT, creative, business and office/admin projects all on one website! & 2 sites for posting resumes and
searching jobs

Fee Based Sites: Association of Executive Search Consultants (AESC) resume database.
LHH has a discounted rate (See your consultant) Based in New York City,, Inc. is a privately held company
offering premier online job search destinations and content for the $100k+ sector of the employment
market. The company operates its primary consumer destination at as well as
specialized job search Web sites for Sales, Marketing, Finance, Human Resources, Law,
Technology, Operations and all other $100k+ fields. For corporate and executive recruiters, operates TheLadders for Recruiters, enabling them to easily post and manage job
openings. lists executive jobs lists executive jobs lists executive jobs lists executive technical jobs a resume posting site

Entrepreneurial Sites: employment employment lists tech ventures and employment online version of magazine funding for entrepreneurs venture capital info

Non-Profit Sites: non-profit info and employment non-profit info higher education info and employment national database of non profits

Executive Job Listings in the Not-for-Profit Sector Advertised openings: lists non-profit executive level jobs lists non-profit executive level jobs

Search firm listed openings:

Media Resources
Please update by sending additional resources/corrections to news and
 -- Media Bistro: media industry networking and informational site.
Includes, news, advice, events listings, job boards, and discussion groups.
– daily round up of media and industry news; extensive links to
other, related publications and sites.
– Jim Romenesko’s media news: news, trends, extensive
links to other news and media related sites.
 -- Media Channel: global media news, issue guides, educational
 -- Media Week: online media news magazine.
 -- The Guardian online specialized media site.
– eWeek online version: media and new media news and resources
– Media news site, segmented by industry.
– Internews: promoting free and open media on a global scale.
– Broadband Week online version.
– career resources, etc.
 CATV Cyberlab: news, resources for cable, broadband, and new media;
extensive list of links.
– cable news, resources, extensive links.

– Electronic Media online version.
– DM News: online direct marketing news.
 comprehensive news site: news, extensive links
– Broadcasting Cable
online: news for broadcast and cable industries.
– Cableworld online version: cable and broadband news
—Min magazine: media business resources

television/print/music/interactive/digital/telecom/advertising (cont’d)
 focus on "the economics of content"
 - interactive focus
 for designers and art directors
 - daily briefing for broadcasting and cable, with job postings for NY and LA
Digital Music News (site/publication?)
Inside Radio (site/publication?)
 Advertising Age site
 - Web Tips – tracks U.S. TV
 – v.c. focus?
 Variety - entertainment focus –including job links
This Week in Technology
British Academy of Film and Television Artists
 - digital music forum
 Int’l News on programming /content that inevitably includes notes on
many NY companies
 technology news with many notes on content deployments
 – conference listings are searchable to obtain contact info for speakers
Multi-Channel News – publication?/site?
 – mobile media including wireless, IPTV and mobile media
BillBoard – music publication
 Cable & Telecommunications Association for Marketing: library,
research, job bank, etc.
– National Cable & Telecommunications Association: industry
news, legislative information, career resources, etc.
– Cable and Telecommunications Human Resources
Association: job opportunities and career related links
– American Association of Advertising Agencies:
related industry links.
– New York New Media Association:
– Cabletelevision Advertising Bureau: news, research, links,
career information.
– Cable Television Public Affairs Association
– Women in Cable & Telecommunications: resources and links
dedicated to improving the standing of women in the cable industry.
 -- Association for Interactive Marketing: research, education,
events, networking.
 – association of business media companies
 – National Association of Minority Media Executives
Magazine Publishers Association (MPA)
Online Publishers Association (ironically I don’t have the URL)
theory and scholarship:
– CTheory: current scholarship on cultural, media, and critical theory
– media and social/cultural theory focusing on pop culture
– quick resources to major
leaders in mass communication studies
 – Esther Dyson publication on v.c. and new technologies
Edventures – same on Ester Dyson
other resources:
 - Harvard Business School Club of Greater NY –
Look for the Media Guru breakfasts
Media Staffing Professionals - Chicago based with jobs throughout the country
"The Soul of the New Consumer" - book on thinking for marketers and product developers
 – resource on NPR?
www.voice123 – voiceovers
One World? – cable advertising?
Promo magazine and Events Marketer for event marketing people
Provided by Ben Baumes, Jay Colan and the generous, spirited people who participated in the NY Media and
Entertainment networking group in January and February of 2005.


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Job Lead Sampler (For many more check Lead Link)

VP Sales, Panos Brands-Saddle Brook, NJ
Architect - IT, Boutique Bank; Callaghan, Int'l.
VP Business Development, Shermans Travel, LLC
VP & Mgr - Transactional Business Grp, BTM-Mitsubishi
Asst VP - Comptrollers Dep't., BTM-Mitsubishi
VP Portfolio Mgmt Grp, BTM-Mitsubishi
Asst VP - Internal Audit Ofc, BTM-Mitsubishi
Banking Offcr-Analyst - Data Warehouse Mgmt, BTM-Mitsubishi
Sr. Specialist - Japanese Corp Banking, BTM-Mitsubishi
Specialist - Japanese Corp Banking Grp, BTM-Mitsubishi
VP - Compliance Div Officers, BTM-Mitsubishi
Coordinator Career Svcs, Women's Ctr for Education & Career
Banking OfFcr - Derivatives Ops, BTM-Mitsubishi
Associate/Asst VP - Securities & Planning, BTM-Mitsubishi
Loan Administrator, BTM-Mitsubishi
Asst VP - Compliance Div, BTM-Mitsubishi
Asst VP - Compliance Div for Americas, BTM-Mitsubishi
Assoc Dep't Specialist - UFJ Securities-Equity Research, BTM-Mitsubishi
AVP/VP - Business Line Compliance, BTM-Mitsubishi
AVP/VP - Compliance Div for Americas-Business Line, BTM-Mitsubishi
AVP/VP - Compliance Div for Americas - Business Line, BTM-Mitsubishi
Banking Offcr - Compliance Div for Americas-AML/Customer Transaction,