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JMC Live

March 4, 2009
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…
 Recap Of The NYC Job Market

 Employment Trends & Hiring

 Variables?!?!?!?

Q &A

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NYC Job Market Recap
 Unemployment:
Unemployment
 NYC is 7.4% over the month up from 6.3% and up from 5.1%
the previous year
 5 Boroughs up to 7.2% over month from 6.2% and up from
5.2%
 NYC (not all bad news but…)
 City’s
private sector job losses (-1.5%) less than State (-
1.7%) & the Nation (-2.6%)
 Gas prices remain basically stable…

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Job Growth…
Growth
Educational & Health Services (+6,300)
 Mostly seasonal gains at colleges, universities, and professional schools.
 Leisure & Hospitality (+1,300)
 Increase was centered in arts, entertainment, food services, and drinking places.
 Other Services (+1,100)
 Religious, grant-making, civic, professional, and similar organizations, personal & laundry
services
 Government (+800)
 TARP administration however large scale cutbacks looming…
 Financial Activities (-18,800)
 Losses in finance, insurance, and in real estate and rental and leasing.
 Trade, Transportation & Utilities (-13,200)
 Retail trade, especially clothing and clothing accessory stores.
 Professional & Business Services (-8,900)
 Administrative and support services and employment services.
 Manufacturing (-7,300)
 Natural Resources, Mining, and Construction (-7,000)
 Seasonal losses and delayed or cancelled projects
 Information (-4,600)
 News & media organizations
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Employment Market Outlook
 STRONG FORECASTS
 Accounting/Auditing/Compliance (SOX), Risk Management
 Renewable Energy & Construction
 Healthcare & Education
 Staffing (Contracting) & Consulting
 Security (Cyber, Physical, & 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
 WEAK FORECASTS
 Real Estate & Mortgage Banking
 Financial Services: Banking & Securities
 Consumer Products & Packaged Goods
 Retail

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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)

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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
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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
 Job Search competition increasing
 M&A and Investment
 Slowed (valuation, foreign investment)
 More consolidation (airlines, IT, financial services)
 Technology Integration
 Market forces slowing investment & profit
 LinkedIn, Naymz, Facebook, Fox Interactive (My Space)
 Ad revenue decline (Web)

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Employment Bottom Line...
 Unemployment is likely to grow 2-3%

 “Patience is a virtue – Networking ”

 Outstanding vs. Good…

 Reinvention the new search motto

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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…
 Welcome:

Nancy Esposito
MetLife

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