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07 14 09 NYC JMC Update

07 14 09 NYC JMC Update

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New York City Job Market Update
Newsletter for LHH New York City office (Go to: http://www.esnips.com/web/LHHNYCJMC)
July 14, 2009
In This Issue

\u2022Job Market Intel
\u2022Career Events
\u2022Networking Events
\u2022JMC Job Search Tips

Also Included

\u2022Useful Web Sites
\u2022Media Resources
\u2022Blue Steps
\u2022Network of Experts
\u2022Job Lead Sampler
\u2022Just Thinking\u2026

Get Your Copy
NYC Job Market Update
available online at:
http://www.esnips.com/web /L HHNY CJM
C Access the latest and

back editions. Copies are
also available in the
common areas and from
your consultants\u2026 If you
have information to
submit, contact Rod
Williams at
rod.williams@lhh.com or

212.455.8583. Thanks in
CRN SpotLight

Check out the approximately
150,000 jobs onLe a dLi nk
and don\u2019t forget to keep your
resume updated onRes ume

Reserve. New employers
and recruiters are added and
are searching daily.
Flare!The Next \u201cJMC Live\u201d will be held on July 15 from1 0A- 1 2N in
the Park Avenue conf room featuring Columbia University -
Teachers College sharing information on preparation and transition to
educational employment opportunities. As always, a real time update
on the current employment marketplace with ample time for your Q\u2019s...
Flash! The Summer Career Event @ LHHhappens Thursday, July
16f rom 9A-12N in the Park Ave & Amsterdam conference rooms.
Hiring managers from 12 organizations including:HBO,

PricewaterhouseCoopers, Prudential, Resources Global, Axa-
Equitable, Cartridge World, Metro North, Penn Mutual, NYS Civil
Service, Gerson Lehrmanand Adecco will be on hand to speak with

about employment opportunities.Don\u2019t forget to register as access
to the rooms will be controlled to ensure a professional atmosphere\u2026
Job Market Intel
Bloomberg rides to media\u2019s rescue
By Matthew Flamm

Beleaguered media professionals of New York, take heart. Eight initiatives to promote innovation,
attract new media businesses and help traditional-media workers transition to jobs in the digital
sector are on the way.

Mayor Michael Bloomberg announced the initiatives Tuesday at IAC headquarters on Manhattan\u2019s
West Side. They grew out of MediaNYC 2020, a program that convened media and technology
executives with university and government officials in recent months to develop strategies for the
media sector.

The initiatives are projected to create 8,000 jobs, according to city officials, and are designed to
address the weak spots in New York\u2019s media economy.

At a briefing last week to introduce the initiatives to reporters, officials of the New York City Economic
Development Corp. pointed out that New York\u2019s biggest media industries, like publishing and
television, are projected to claim less and less of consumers\u2019 time every year through 2012.

Meanwhile, digital media industries like gaming and social networking are growing by double digits.

\u201cNew York City is the media capital of the world, but\u2014with the industry undergoing profound changes \u2014it\u2019s incumbent on us to take steps now to capitalize on growth opportunities and ensure we remain an industry leader,\u201d Mr. Bloomberg said in a statement.

One initiative calls for the creation of NYC Media Lab, which would be similar to media labs at
Stanford University and MIT. The goal will be to bring together academic researchers and corporate

The EDC will issue a request for proposals this month aimed at selecting the partners to develop the
lab, and expects it to be up and running by January.
Another initiative, called \u201cJumpStart New Media,\u201d will create a boot camp retraining program for
traditional media professionals looking to restart their careers on the digital side.
Access both on the web at:
Other Job Market
Connection Highlights\u2026

Job Fairs
Employer of the Day
\u201cJMC Live\u201d
Entertainment & Media

Networking Group
Recruiter Panels
Special Topic Speakers

Additionally we serve as
the venue for several
external professional
networking groups
including TENG (Tech
Exec. Networking
Group), MENG
(Marketing Exec.
Networking Group), and
FENG (Financial Exec.
Networking Group)

Blue Steps

We have negotiated a 20%
discounted rate for LHH clients
with Blue Steps the executive
search web site owned and
operated by the AESC
(Association of Executive
Search Consultants) which is
their professional organization
made up of over 200 of the top
executive search firms. See
your consultant for details.

AESC has around 200
member search firms, with
around 4000 consultants
around the world.

The program will train 50 participants per month, and offer unpaid 10-week apprenticeships at new
media companies. The boot camp is expected to launch in September.

The city will also launch a media \u201cfreelancer hive\u201d at 55 Broad St., in partnership with the Downtown Alliance. A 5,000-square-foot space will be fitted to provide short-term workspace for 50 digital media freelancers.

\u201cThere\u2019s a general goal of increasing entrepreneurship,\u201d said Seth Pinsky, president of the EDC,
discussing the programs at last week\u2019s briefing. He put the total price for the initiatives at $1.5 million
over the next several years, noting that the city has kept costs down by partnering with businesses.

Among the other initiatives are a media tech bond program, which will provide tax-exempt financing for media and technology companies, and a media and tech fellowship to be awarded to 20 \u201crising star\u201d entrepreneurs every year.

In addition, there will be an \u201cNYC BigApps Competition,\u201d for New York companies that create digital applications that use city data; and a focus on international and domestic recruitment, to encourage emerging companies to headquarter here.

Economists Believe Recession Nearing an
Source: Money Market Executive
By Editorial Staff

The economy will emerge from the recession in the second half of the year, but growth will be a tepid 2% in 2010, a survey of 23 leading economists byBNA found. By comparison, the U.S. economy grew an average of 3.1% a year between 1995 and 2004.

With growth so slow, it won\u2019t be able to put an end to unemployment, said the economists,
who predict it will rise from 9.4% in May to 9.9% next year.

Thus, most consumers won\u2019t recognize the end of the recession until the middle or latter part of 2010. The economists don\u2019t expect the Federal Reserve to ease its monetary policy until next year, when the Fed funds rate will reach 1%. They also said that the glut of housing inventory is beginning to ease.

Just Thinking\u2026
The smallest good deed is better than the grandest good intention.\u2013 Duguet
JMC Job Search Tips(Simple Things pt 100\u2026)
A Summer Focus\u2026

This has been the mildest summer in many years and that offers increased opportunities for outdoor
activities. Networking should surely be at the top of your activity list as there are so many places,
events, and times that you can be amongst throngs of people. Job search has increasingly become
a numbers game that has only been made more acute by the added volume of job seekers. There
are many new studies that show the value of upping your networking contacts because everyone
else is also upping theirs. Other observations from the media include the fact that more people are
staying close to home for their personal time away from work (stay-cations) and then keeping track of
what\u2019s going on at the office even when they\u2019re supposed to be on down time. Again, this offers the
enhanced prospect of making that critical contact during the summer months when normally things
would be slower due to the difficulty of finding the necessary introduction based on his/her vacation
travel. Whenever, wherever, and whatever should be your buzz words for acting out the boy scout
motto, \u201cBe prepared\u201d\u2026

Local Job Fairs
Networking Events(free/low cost events that may interest you)
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 pre-registration required; call for locations and further information.

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

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