JMC Live

June 13, 2007

Rod Williams
Ext. 8583
rod.williams@lhh.com

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 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 Topics

 Monthly Recap Of The NYC Job Market

 Employment Trends & Hiring

 Variables?!?!?!?

 Q&A

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 NYC Job Market Recap
 Unemployment rate for NYC (5 boroughs)
increased to 4.4% from 4.3% and 5.1% a year
ago (5 Boroughs – 4.2%, 4.4%, & 5.0%)
 Job Growth
 Private Sector jobs held steady (1.7%)

 Non-farm jobs down (1.3% vs. 1.4%)

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 Most Jobs Added…
 Professional & Business Services (16,100)
 Educational & Health Services (12,200)
 Financial Activities (11,100)
 Leisure & Hospitality (7500)
 Construction, Natural Resources (6100)
 Trade, Transportation & Utilities (4500)
 Government & Other Services (1800)
 (Manufacturing Lost 8300)
 (Information Lost 800)

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 Employment Market
STRO NG FORE CA STS
Outlook


Investment Banking & Securities



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

 Healthcare & Education

 MOD ERA TE OR MIXE D FORE CA STS

 Insurance

 Telecommunications – wireless

 Entertainment (Interactive & Non-traditional)

 Retail

 WE AK F ORE CAST S
 Real Estate & Mortgage Banking

 Traditional Media (Print, Network TV & Radio)

 Financial Services Middle & Back Office roles

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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 (Doubling its workforce of 61K in 4-5 yrs)
 Citigroup (1800 jobs in LI City complex)
 Turner Construction (new Yankee Stadium 900 perm. & 3.6K constr.)
 Microsoft (adding 140 positions in support of Vista)
 Countrywide Financial (30 branches)
 Commerce Bank (10 branches)
 Amalgamated Bank (2-3 branches)
 LuluLemon Athletica (athletic clothing retailer 5 locations)
 ‘wichcraft (22 restaurants)
 JC Penney (mega Manhattan Mall store)
 ARES Printing & Packaging & Inland Paper Products (100 positions)
 Delta Airlines (doubling presence @ Kennedy Airport)
 Jet Blue Airways Corp
 Federal Express (100 positions)
 Steiner Studios (550 positions)
 Aquatic Development Group (Randall’s Island Water Park)
 Hospitality: Hampton Inn, Holiday Inn, Fitzpatrick, Marriot Fairfield…
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Negative Hiring Trends
 Citigroup
 MTV Networks
 Time Warner/ Time Inc.
 Pfizer
 Aon Risk Services
 Prudential Equity Research
 Bank of New York
 VNU
 Avon
 Revlon
 Credit Suisse Asset Management
 Sovereign Bank
 Broadridge Financial Solutions (ADP)
 New York Mercantile Exchange
 Van der Moolen Holdings NV
 American Express Prepaid Card Division

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Variables…
 National Economic Outlook
 Continued Real Estate slide…

 Sub-prime Lending

 Rising Energy Prices

 Consumer Spending

 Job Growth

 M&A and Investment

 Dow Jones

 Westwood One

 Warner & EMI

 Arbinet

 Virgin Mobile

 Technology Integration
 Vista, Leopard, Safari, Google,

 Monster, Comcast, NY Times, Boston Globe

 Ad revenue decline (Web)

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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
 I’m available via your Consultants…

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