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Unemployment remained at 8.1% from the previous month and up from 4.6% the previous year. Construction jobs have increased 3%. Stimulus to pay for 8000 new summer jobs (51,000 total). TARP administration may provide stopgap however large scale tax cutbacks looming.
Unemployment remained at 8.1% from the previous month and up from 4.6% the previous year. Construction jobs have increased 3%. Stimulus to pay for 8000 new summer jobs (51,000 total). TARP administration may provide stopgap however large scale tax cutbacks looming.
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Unemployment remained at 8.1% from the previous month and up from 4.6% the previous year. Construction jobs have increased 3%. Stimulus to pay for 8000 new summer jobs (51,000 total). TARP administration may provide stopgap however large scale tax cutbacks looming.
Copyright:
Attribution Non-Commercial (BY-NC)
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Als PPT, PDF, TXT herunterladen oder online auf Scribd lesen
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
12/03/09 LHH NYC 2
Discussion… Recap Of The NYC Job Market
Employment Trends & Hiring
Variables?!?!?!?
Q &A
12/03/09 LHH NYC 3
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 (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…
12/03/09 LHH NYC 4
Job Growth… Growth Educational & Health Services (+14,600) Mostly seasonal gains at colleges, universities, and professional schools. Other Services (+3,100) Religious, grant-making, civic, professional, and similar organizations, personal & laundry services Financial Activities (-24,000) Losses in finance, insurance, and in real estate and rental and leasing. Trade, Transportation & Utilities (-23,100) Losses in retail trade, especially clothing and clothing accessory stores. Professional & Business Services (-19,100) Losses in administrative and support services and employment services. Natural Resources, Mining, and Construction (-14,700) Seasonal losses and delayed or cancelled projects Manufacturing (-12,400) Leisure & Hospitality (-4,400) Decrease was across arts, entertainment, food services, and drinking places. Government (-2,700) TARP administration may provide stopgap however large scale tax cutbacks looming… Information (-2,600) Losses in news & media organizations
12/03/09 LHH NYC 5
Employment Market Outlook STRONG FORECASTS Accounting/Auditing/Compliance (SOX), Risk Management Renewable Energy & Construction Security (Cyber, Physical, Economic, & Political) MODERATE OR MIXED FORECASTS 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 Real Estate & Mortgage Banking Financial Services: Banking & Securities Consumer Products & Packaged Goods Retail
12/03/09 LHH NYC 6
NYC Hiring (a diverse mix)… Interpublic Group (advertising 2010 Census contract $250- 300M) 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) 12/03/09 LHH NYC 7 Flip Side of the Coin… Coin Financial Services: 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
12/03/09 LHH NYC 8
Variables… National Economic Outlook Stimulus Bill & TARP (Troubled Assets Relief Program) Recession, Bailout, Inflation, Slowdown… Continued Real Estate pricing slide… Sub-prime Lending fallout continues Endangered bank list 211)… Domestic Auto Industry Crisis Job Search competition increasing M&A and Investment Slowed (valuation, foreign investment) More consolidation (auto, airlines, IT, financial services) Technology Integration Market forces slowing investment & profit LinkedIn, Naymz, Facebook, Fox Interactive (My Space) Ad revenue decline (Web)
12/03/09 LHH NYC 9
Recession Employment Bottom Line... Unemployment is likely to grow 2-3%
“Patience is a virtue – Networking ”
Outstanding vs. Good…
Reinvention the new search motto
12/03/09 LHH NYC 10
Q & A… Industries?
Occupations?
Functions?
12/03/09 LHH NYC 11
Thank You… Additional workplace topics…
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