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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) February 19, 2008

In This Issue
• Job Market Intel Next “JMC Live”: Wed – March 5 at 10AM in the Park Ave
• Career Events
Conf Room. Special guests: New York City Teaching
Fellows, an alternative career path for those interested in
• Networking Events
the not-for-profit world of education. Learn more at:
• JMC Job Search Tips
http://www.nyctf.org/the_fellowship/prgm_overview.html. Don’t
forget to register and don’t miss this opportunity to hear
Also Included the latest about the NYC employment marketplace…
• Useful Web Sites
• Media Resources
• Blue Steps Special of the Week
From Senior Consultant Jay Colan: A number of clients have found this to be a useful resource for
• Network of Experts people in public relations, marketing communications as well as for financial writers:
• Job Lead Sampler
Financial Communications Society
• Special of the Week
http://www.fcsinteractive.com

Get Your Copy


NYC Job Market Update Job Market Intel
available online at:
http://www.esnips.com/web/LHHNYCJM
C Access the latest and
Slower Hiring, Not Layoffs, Hurts Labor Market
By KELLY EVANS - WSJ
back editions. Copies are
also available in the
The current weakening of the labor market reflects a slowdown in hiring -- not the mass layoffs that
common areas and from have characterized past economic downturns.
your consultants… If you
have information to The Labor Department said there were 1.8 million layoffs in December, about the same number as in
submit, contact Rod December 2006 -- despite the mounting turmoil in the meantime in the housing, mortgage and
Williams at finance markets.
rod.williams@lhh.com or Andrew Tilton, senior economist at Goldman Sachs Group, said the absence of large-scale layoffs
212.455.8583. Thanks in partly reflects companies' uncertainty about the economic environment and their determination, at
advance! least for now, to hang on to their skilled workers.
"It's really in finance and housing -- and to some extent retail -- where the pain is being felt most
clearly," he said. "Many other sectors aren't feeling pressure [yet] to lay off workers [and] are hesitant
CRN SpotLight to let them go if they'll need them back soon," should the economy recover, Mr. Tilton said.
Still, job creation is lagging. Most economists say 100,000 to 150,000 jobs need to be created each
Check out the approximately month to sustain economic growth. Since July, just 68,000 jobs on average have been created each
150,000 jobs on LeadLink month. In January, the economy lost 18,000 jobs, the first employment drop in 4½ years.
and don’t forget to keep your Still, that didn't come close to the job losses of past recessions -- which typically have run 100,000 to
resume updated on Resume 200,000 a month. And that has some economists scratching their heads.
Reserve. New employers
and recruiters are added and "It would be odd to have a recession in an environment where there's not a lot of layoffs," said J.P.
are searching daily. Morgan Chase economist Michael Feroli. "We're hanging in this no-man's land between recession
and growth."

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Access both on the web at: In the meantime, companies have hit the brakes on hiring new workers. The new government figures
www.lhhcrn.com. show there were 4.6 million new non-farm hires in December, after seasonal adjustment, down from
a recent peak of 5.1 million in July 2006. There were just over four million job openings in December,
down from 4.4 million the year before.
Blue Steps
Goldman's Mr. Tilton said "underemployment" may be part of the puzzle. Workers like contractors
and real-estate agents may still be employed but earning much less money now than they were at
We have negotiated a 20% the height of the housing boom. That dynamic isn't captured in the statistics, but could help explain
discounted rate for LHH clients why consumer confidence is sinking and spending is slowing.
with Blue Steps the executive
search web site owned and
operated by the AESC Orville's Blog: Your Secret Weapon - Job Market Research
(Association of Executive Career Expert Blogs: Orville Pierson - February 13, 2008
Search Consultants) which is You can get better job offers faster if you are smart about using market research. In the three
their professional organization decades I’ve been doing career work, I’ve seen it repeatedly. I’ve even seen people with admittedly
made up of over 200 of the top weak qualifications get interviews and offers as a direct result of their effective use of research.
executive search firms. See The first and most obvious piece of research, of course, is your target list. You do research to create
your consultant for details. it. Then you research each organization on your list. In doing this, you begin to form an accurate
AESC has around 200 picture of your personal job market and the industries it includes. This research can begin by hitting
member search firms, with the Research button to connect with the rich resources right here on Career Resource Network
(CRN). When you’re ready to move beyond CRN, the next stop is employer websites. You certainly
around 4000 consultants
want to visit the site of every company on your target list.
around the world.
This kind of job market research increases your effectiveness in networking by allowing you to ask
people the important organization-specific questions rather than bothering them with the basics. It
also makes you a more interesting networking partner because you have information to share as well
as questions to ask.
Even if you’re one of those lucky people getting interviews through recruiters or postings, this
background research enables you to make smarter decisions about companies and compensation
because you’re well informed. And, of course, looking smart in interviews doesn’t hurt either.
A more sophisticated form of research is directed toward identifying and understanding problems,
issues and trends affecting your targeted organizations. The better you understand these and related
initiatives and solutions, the stronger a candidate you are. Educating yourself on who is doing what
and why is time well spent.
If you’re changing industries or careers, research is essential. You must become fluent in the
language (and jargon) of your targeted organizations and jobs. If you also do the issues research
described above, you can then select an issue that particularly interests you and research that one
intensively. By choosing a narrow and manageable area that’s of interest to your target market, you
can be seen as someone with real expertise.
But please don’t get carried away with research. While it may be your only activity for a week or so at
the outset, pure research should be maybe 10% of your time throughout your search. Or course,
you’re doing a great deal more research as you talk to networking partners.
As a closing thought, I want to let you in on a little secret about job market research. There is some
really great material in the “I need information on…” dropdown menu in the green Research box on
the home page here in CRN. It amounts to a whole course on job search research. It was written by
our research librarians, the Infogenius people here in Blogs, News and Views. And they are indeed
geniuses at locating relevant information.
Want to be a genius in job search? Your secret weapon might actually be librarians.

About the Author:


Orville Pierson is LHH’s Director of Program Design and Service Delivery and the
author of The Unwritten Rules of the Highly Effective Job Search (McGraw-Hill,
2006). With 30 years’ experience in career services, he leads the team that designs
LHH’s career transition programs. Orville can be reached at
orville@highlyeffectivejobsearch.com with comments and questions that might
become part of future blog postings, but he cannot respond to them individually.

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JMC Job Search Tips (Simple Things pt 71…)
Do You Sing Great Song?
There are two distinct characteristics to a great song: 1) a beautiful passionate melody that you can’t
forget, and 2) equally unforgettable lyrics that match the music. Like a great song, your positioning
statement needs to have the same tenets. In this case, your “melody” is the passion that you need to
exude when you talk about the subject that you know better than anyone else in the world – your
skills and qualifications. And of course, your “lyrics” should match the music. Meaning all the
passion in the world isn’t any good without a compelling story to match. So before you rehearse, be
sure that the “sheet music” (resume) tells a great story and then when you rehearse your “song”
(positioning statement), the passion will flow right through it…

Career Events

3
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 preregistration 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

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 rod.williams@lhh.com)
www.worldwit.org. 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
http://newyorkcity.employmentguide.com/ bills itself as a portal for entry-level or a mid-management
positions. EmploymentGuide.com 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.
http://www.janplace.com/ a site for those seeking opportunities in publishing, licensing, children’s &
family media, entertainment, interactive media, and related areas
http://www.gadball.com 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.
http://www.JobsOnWallStreet.com bills itself as the leading financial services online job board
http://www.efinancialcareers.com/ bank jobs, finance jobs, recruitment in the financial markets,
accounting and investment banking
http://newyork.craigslist.org/ 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.
http://www.worklife.com/ Worklife.com 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.
www.ComputerJobs.com Recruiting Trends reports that ComputerJobs.com, 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 ComputerJobs.com Community," also offers employers resume keyword
searches, and job seekers the ability to search for high tech jobs on www.ComputerJobs.com.
http://www.teamworkonline.com/ 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!
www.WomenSportsJobs.com 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

4
http://www.job-hunt.org/ a terrific informational resource for job seekers

Free web sites continued…


http://www.hightechny.com/ NY Labor Bureau site for IT employment (thanks Jay Colan)
http://www.ithotjobs.com/ bills itself as “ITHotJobs.com 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.”
http://www.jobcircle.com/ JobCircle.com 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.
http://www.dogpile.com great search site that uses Google, Yahoo, Ask Jeeves, About, Look Smart,
Overture, and FindWhat (talk about powerful!)
http://www.allretailjobs.com/ the name says it all.
http://www.nj.com/jobs/quicksearch/ links to job postings:11 NJ newspapers incl. the Star-Ledger
http://www.chiefmonster.com a Monster.com site for Senior Executives
http://www.6figurejobs.com lists executive Jobs
http://www.ceoupdate.com lists non-profit executive level jobs
http://www.execsearches.com lists non-profit executive level jobs
http://www.bigfivetalent.com lists Big Five Jobs
http://www.employment911.com/asp/index.asp 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-
Jobs.com, Hotjobs.com, American Jobs, Infoworks USA, America's Employers, JobBank USA,
America's Job Bank, Job Pilot USA, Bakos Group, MarketingJobs.com, Career Avenue,
Monster.com, Best Jobs USA, NationJob Network, Career Builder, Net-Temps.com, Career Mosaic,
Perot Systems, Career.com, Prohire.com, Career Magazine, Recruiters Online Network, Career
Web, Select Jobs.com, Computerjobs.com, Softwarejobs.com, Computerwork.com, The Job
Resource, Crosswalk.com, Top Echelon, Dice.com, TopStartups.com, Employment 911, US Careers
Resource Center, Headhunter.net, Westech Virtual Job Fair. Offers some pay services but quite
effective without them.
http://seeker.dice.com/profman/searchEngineMarketing.jsp?rel_code=100 more tech jobs
http://www.guru.com/pro/professionals.cfm?tc=20010&kw=job%20search%20web%20 site helps you
find IT, creative, business and office/admin projects all on one website!
http://www.e-careercenter.com/ &
http://www.job.com/index.cfm?us=164&AID=6944408&PID=1225587 2 sites for posting resumes and
searching jobs
Fee Based Sites:
http://www.bluesteps.com Association of Executive Search Consultants (AESC) resume database.
LHH has a discounted rate (See your consultant)
www.theladders.com Based in New York City, TheLadders.com, 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 www.theladders.com 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,
TheLadders.com operates TheLadders for Recruiters, enabling them to easily post and manage job
openings.
http://www.executivesonly.com lists executive jobs
http://www.netshare.com lists executive jobs
http://www.execunet.com lists executive jobs
http://www.executive.computerjobs.com lists executive technical jobs
http://www.vicepresidentjobs.com a resume posting site
Entrepreneurial Sites:
http://www.startupzone.com employment

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http://www.topstartups.com employment
http://www.garage.com lists tech ventures and employment
http://www.fastcompany.com online version of magazine
http://www.vfinance.com funding for entrepreneurs
http://www.vcbuzz.com venture capital info
Non-Profit Sites:
http://www.philanthropy.com non-profit info and employment
http://www.nonprofits.org/ non-profit info
http://www.chronicle.com higher education info and employment
http://www.guidestar.org/ national database of non profits
Executive Job Listings in the Not-for-Profit Sector Advertised openings:
http://www.ceoupdate.com lists non-profit executive level jobs
http://www.execsearches.com lists non-profit executive level jobs
www.fdncenter.org/pnd/jobs
www.idealist.org
Search firm listed openings:
www.howe-lewis.com
www.drgnyc.com
www.pogsearch.com
www.imsearch.com
www.auerbach-assc.com
www.slesingermanagement.com
www.explorecompany.com

Media Resources
Please update by sending additional resources/corrections to jay.colan@LHH.com news and
trends:
television/print/music/interactive/digital/telecom/advertising
http://www.mediabistro.com/ -- Media Bistro: media industry networking and informational site.
Includes, news, advice, events listings, job boards, and discussion groups.
http://www.iwantmedia.com/– daily round up of media and industry news; extensive links to
other, related publications and sites.
http://www.poynter.org/medianews– Jim Romenesko’s media news: news, trends, extensive
links to other news and media related sites.
http://www.mediachannel.org/ -- Media Channel: global media news, issue guides, educational
aides.
http://www.mediaweek.com/ -- Media Week: online media news magazine.
http://www.insidemedia.com/
http://www.media.guardian.co.uk/ -- The Guardian online specialized media site.
http://www.eweek.com/– eWeek online version: media and new media news and resources
http://www.media-news.com/– Media news site, segmented by industry.
http://www.internews.org/– Internews: promoting free and open media on a global scale.
http://www.broadbandweek.com/– Broadband Week online version.
http://www.telecomcareers.net/– TelecomCareers.net: career resources, etc.
http://www.catv.org/-- CATV Cyberlab: news, resources for cable, broadband, and new media;
extensive list of links.

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http://www.cabletoday.com/index.html– Bigpipe.com: cable news, resources, extensive links.
http://www.emonline.com/index.html– Electronic Media online version.
http://www.dmnews.com/cgi-bin/index.cgi– DM News: online direct marketing news.
http://www.headlinespot.com/-- comprehensive news site: news, extensive links
http://www.tvinsite.com/broadcastingcable/index.asp?layout=webzine– Broadcasting Cable
online: news for broadcast and cable industries.
http://www.cableworld.com/– Cableworld online version: cable and broadband news
television/print/music/interactive/digital/telecom/advertising (cont’d)
http://www.minonline.com/index.html—Min magazine: media business resources
www.paidcontent.org focus on "the economics of content"
http://www.212nyc.org/ - interactive focus
www.mediapost.com
www.inanet.com for designers and art directors
www.cynopsis.com - daily briefing for broadcasting and cable, with job postings for NY and LA
Digital Music News (site/publication?)
www.nyctechwire.com
Inside Radio (site/publication?)
www.adage.com Advertising Age site
http://www.poynter.org/ - Web Tips – tracks U.S. TV
www.entertainmentcareers.net
www.rightmedia.com
www.venturewire.com – v.c. focus?
www.variety.com Variety - entertainment focus –including job links
This Week in Technology
British Academy of Film and Television Artists
http://www.digitalmusic2006.com/ - digital music forum
www.worldscreen.com Int’l News on programming /content that inevitably includes notes on
many NY companies
www.lightreading.com technology news with many notes on content deployments
www.digitalmedia.com – conference listings are searchable to obtain contact info for speakers
Multi-Channel News – publication?/site?
www.fierce.com – mobile media including wireless, IPTV and mobile media
BillBoard – music publication
www.journalismjobs.com
associations:
http://www.catm.com/-- Cable & Telecommunications Association for Marketing: library,
research, job bank, etc.
http://www.ncta.com/index.cfm– National Cable & Telecommunications Association: industry
news, legislative information, career resources, etc.
http://www.cthra.com/indopps.html– Cable and Telecommunications Human Resources
Association: job opportunities and career related links
http://www.aaaa.org/news/related_assoc.html– American Association of Advertising Agencies:
related industry links.
http://www.nynma.org/– New York New Media Association:
http://www.cabletvadbureau.com/– Cabletelevision Advertising Bureau: news, research, links,
career information.
http://www.ctpaa.org/– Cable Television Public Affairs Association
http://www.wict.org/main.cfm– Women in Cable & Telecommunications: resources and links
dedicated to improving the standing of women in the cable industry.
http://www.interactivehq.org/ -- Association for Interactive Marketing: research, education,
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events, networking.
www.americanbusinessmedia.com – association of business media companies
www.namme.org – National Association of Minority Media Executives
Magazine Publishers Association (MPA)
Online Publishers Association (ironically I don’t have the URL)
theory and scholarship:
http://www.ctheory.com/– CTheory: current scholarship on cultural, media, and critical theory
http://www.theory.org.uk/– media and social/cultural theory focusing on pop culture
http://www.utexas.edu/coc/journalism/SOURCE/j363/keywords.html– quick resources to major
leaders in mass communication studies
www.release1.0.com – Esther Dyson publication on v.c. and new technologies
Edventures – same on Ester Dyson
other resources:
http://www.hbscny.org/upcoming_events.htm - 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
www.current.org – resource on NPR?
www.voice123 – voiceovers
One World? – cable advertising?
Promo magazine and Events Marketer for event marketing people
Provided by Jay Colan and the generous, spirited people who participated in the NY Media and Entertainment
networking group in January and February of 2007.

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Job Lead Sampler (For many more check LeadLink)


8
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Firm, Finders Seekers, $100K + Bonus
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Sr. JAVA Consultant, NY & NJ, Concepts In Staffing
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Equities Support, Concepts In Staffing
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Associate-Middle Mkt Pvt Equity Grp, Solaia Capital Advisors
Technology Consultant, AT Tech Staffing Svcs, $60 - $75K
Java Developer, AT Tech Staffing Svcs, up to $130K
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SAP Training Development Lead - SMI, AT Tech Stafing Svcs, up to
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