JMC Live

June 4, 2008
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: for NYC increased to 4.7%
from 4.5% and down from 4.8% a year ago
(5 Boroughs – 4.5%, 4.6%, & 4.5%)
 Job Growth
 Private Sector grew (+1.1%) 8,200 jobs

 Non-farm jobs up (+1.1%)

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 Most Jobs Added…
 Trade, Transportation & Utilities (+13,600)
 Increase reflected retail trade, especially building material and garden equipment stores.
 Educational & Health Services (+7,700)
 Mostly seasonal gains at colleges, universities, and professional schools.
 Information (+7,700)
 Gains due to motion pictures, sound recording and telecommunications
 Leisure & Hospitality (+5,200)
 Increase was centered in arts, entertainment, food services, and drinking places.
 Professional & Business Services (+3,000)
 Administrative and support services.
 Financial Activities (+2,700)
 Increased over the month with most gains in commercial real estate and rental and leasing.
 Natural Resources, Mining, and Construction (+2,100)
 Gains due to existing building projects and the search for renewable energy sources
 Other Services (+1,400)
 Gains centered in religious, grant-making, civic, professional, and similar organizations
 Government
 Decreases primarily at the State level
 Manufacturing (-7,900)

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Employment Market
Outlook
STR ONG FO REC ASTS


Accounting/Auditing/Compliance (SOX)


 IT & Web services (Networking Staff, Application Developers, &

Database Mgrs) – Vista
 Renewable Energy
 Healthcare & Education
 Insurance
 MOD ERA TE OR MIX ED FO REC AST S
 Telecommunications – wireless

 Entertainment/Media (Interactive & Non-traditional)

 Investment Banking & Securities

 WEA K FO REC AST S

 Real Estate & Mortgage Banking

 Retail

 Information (Print, Network TV & Radio)

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 NYC Hiring (a diverse


mix)…
Interpublic Group (advertising 2010 Census contract $250-300M)
Bronx Terminal Market (5K perm. & 2K constr.)
 Standard Chartered Bank (Doubling workforce: 120K in 3-4 yrs)
 Citigroup (1800 jobs in LI City complex)
 Turner Construction (Yankee Stadium 900 perm. & 3.6K constr.)
 IKEA (500 positions.)
 Nordstrom, Target, J.C. Penney, Kohl’s
 NYC Industrial Development Agency (Brooklyn & Queens – 6 companies =
150 positions) [DCD Marketing, Excellent Poly, Safe Art SAT & 3
woodworking cos.]
 Yeled V’Yalda Early Childhood Center (100 positions)
 LuluLemon Athletica (athletic clothing retailer 5 locations)
 Port Authority NY/NJ – 200 customer care jobs & 70 new airport stores
 Delta Airlines & American Airlines (major expansions @ JFK)
 Federal Express (100 positions)
 Steiner Studios (550 positions)
 Hospitality: 50 new hotels over next 2 years (Cooper Square, Vu, Thompson
Smyth Tribeca, & Hotel Indigo for spring & summer ’08)…

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 Flip Side of the
Coin…


Citigroup
Altria
 JP Morgan Chase
 Nomura Securities
 Morgan Stanley
 Health Insurance Plan of Greater NY Bank of America
 Merrill Lynch
 Disney Publishing moving to White Plains
 Sony BMG
 Newsweek
 Time Warner
 Credit Suisse
 Pfizer
 AXA Insurance
 NBC Universal
 Avon
 Lehman Brothers
 MTV Networks

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 Variables…
 National Economic Outlook
 Recession, Inflation, Slowdown…

 Continued Real Estate pricing slide…

 Sub-prime Lending fallout continues…

 Volatile Markets (Oil)

 Domestic Auto Industry

 Job Search competition

 M&A and Investment

 Slowing (valuation, hunting for bargains)

 More consolidation (airlines, IT, financial services)

 Technology Integration
 Vista, Leopard, Safari, Google, LinkedIn, Naymz, Fox

 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
 You can review today’s and previous JMC Live
presentations online:
http://www.esnips.com/web/LHHJMCLive
 I’m available via your Consultants…
 Fiscal Management Associates

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