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JMC Live

July 18,
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

 Special Guests: Morgan Stanley & PRI


(Perennial Resources International)
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NYC Job Market
Recap
 Unemployment rate for NYC (5 boroughs)
increased to 4.9% from 4.4% and 4.9% a
year ago (5 Boroughs – 4.6%, 4.2%, &
4.7%)
 Job Growth
 Private Sector added 21,000 jobs up (1.7%)
 Non-farm jobs up (1.4%)

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Most Jobs Added…
 Professional & Business Services (13,800)
 Educational & Health Services (13,700)
 Financial Activities (11,900)
 Trade, Transportation & Utilities (7400)
 Construction, Natural Resources (6300)
 Leisure & Hospitality (6200)
 Government & Other Services (1700)
 (Manufacturing Lost 8600)
 (Information Lost 400)

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Employment Market
Outlook
 STR ONG F ORECAS TS
 Investment Banking & Securities
 Accounting/Auditing/Compliance (SOX)
 IT & Web services (Networking Staff, Application
Developers, & Database Mgrs) – Vista
 Renewable Energy
 Healthcare & Education
 Retail
 MOD ER ATE OR MIXED F ORE CAST S
 Insurance
 Telecommunications – wireless
 Entertainment/Media (Interactive & Non-traditional)
 WEA K F ORE CAST S
 Real Estate & Mortgage Banking
 Information (Print, Network TV & Radio)
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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 (Dbling workforce: 120K in 4-5 yrs)
 Citigroup (1800 jobs in LI City complex)
 Turner Construction (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)
 Port Authority NY/NJ – 200 customer care jobs & 70 new
airport stores
 ARES Printing & Packaging & Inland Paper Products (100)
 Delta Airlines (doubling presence @ Kennedy Airport)
 Jet Blue Airways Corp
 Federal Express (100 positions)
 Steiner Studios (550 positions)
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 Hospitality: 50 new hotels over next 3 years…
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…
 Morgan Stanley
 PRI (Perennial Resources International

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