JMC Live

June 3, 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

 Guest Presentation

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 NYC Job Market Recap
 Unemployment:
Unemployment
 NYC slipped to 8.0% from 8.1% the previous month but still up from 4.9%
the previous year
 5 Boroughs down to 7.8% from 8.2% over the previous month up from
4.4% last year

 NYC (not all bad news…)

 Pending home sales increased 6.7%…
 Banking bounce has a number of banks seeking to pay back TARP
funding ahead of schedule…
 NYC job losses -2.9% vs. -4.3% national…

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 Job Growth…
Growth
 Educational & Health Services (+16,200)
 Mostly gains at colleges, universities, and professional schools.
 Other Services (+2,300)
 Religious, grant-making, civic, professional, and similar organizations, automotive repair &
maintenance.
 Financial Activities (-26,200)
 Employment losses in financial activities were largest in finance and insurance, especially
securities, commodity contracts, and related activities.
 Professional & Business Services (-25,600)
 Losses in administrative and support services and employment services.
 Trade, Transportation & Utilities (-21,000)
 Losses concentrated in retail trade, especially clothing and clothing accessory stores.
 Manufacturing (-14,400)
 Natural Resources, Mining, and Construction (-12,000)
 Seasonal losses and delayed or cancelled projects
 Leisure & Hospitality (-11, 300)
 Decrease was across arts, entertainment, food services, and drinking places.
 Government (-2,000)
 Significant growth at the federal level didn’t completely offset local level layoffs.
 Information (-1,600)
 Losses in motion picture & sound recording.

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Employment Market Outlook
 STRONG FORECASTS
 Accounting/Auditing/Compliance (SOX), Risk Management
 Healthcare & Education
 Renewable Energy & Construction
 Security (Cyber, Physical, Economic, & Political)
 MODERATE OR MIXED FORECASTS
 Telecommunications – wireless vs. landline
 Entertainment/Media (interactive & non-traditional)
 Insurance (Conglomerates vs. Straight Line)
 IT & IS
 Staffing (Contracting) & Consulting
 WEAK FORECASTS
 Real Estate & Mortgage Banking
 Financial Services: Banking & Securities
 Consumer Products & Packaged Goods
 Information (movies & sound vs. print, network TV & Radio)
 Retail

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 NYC Hiring (a diverse mix)…
 Interpublic Group (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
 Wal-mart relocating apparel buying and planning group
 Costco, BJ’s, 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:
 UBS, American Express, Citigroup, JP Morgan Chase
 Bank of America, Morgan Stanley, Merrill Lynch
 Goldman Sachs, Credit Suisse, RBS, Deutsche Bank
 AXA Insurance, AIG, American Stock Exchange
 National Football League
 McGraw-Hill & Rodale Publishing & Newsweek
 General Growth Properties
 Bloomberg
 American Airlines & ATA Airlines
 Sony BMG
 Avon & L’Oreal
 American Stock Exchange & NYSE Euronext
 Ultra Stores
 Time Warner & MTV Networks
 Pfizer
 JW Seligman
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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
 Troubled bank list grew to 305 from 211 in 3 months)…
 Domestic Auto Industry Crisis
 Job Search competition increasing
 M&A and Investment
 Slowed (valuation, foreign investment)
 More consolidation (auto, 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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Recession Employment
Bottom Line...
 Unemployment is likely to grow 2-3%

 Bounce may happen in 4th Quarter

 Executive search down 35%

 Outstanding vs. Good…

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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:

Matt Russo
Northwestern Mutual Financial Network

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