Job Market Report, June 17, 2010

This week's job market update ----

Thanks for reading - Dan
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For Immediate Release
For Information, Dan Moran 518-641-8968

Albany, NY, June 17, 2010

Job Postings Begin to Climb Back – Uncertainty about State Budget looms …

(Albany, NY, June 17, 2010) – Job postings in the Capital Region climbed back after two weeks of ups and downs which may be attributed to the uncertainty over the State budget, layoff threats and concern over the State’s ability to pay bills. On a day-to-day basis, results have been mixed but in general, the direction is positive – with job postings coming in at just over 5600, up from last week and a full 90% better than last year at this time.

“It is good to see the number of job postings pick up again after a few rocky weeks. In talking to some business owners, I am hearing concerns over the potential impact of the State budget or lack thereof, and of the impact on the community should there be layoffs or inability to pay contracted obligations. This past Saturday, I talked with a local restaurant owner who saw his revenues plummet 10% immediately upon the news of a potential State shutdown. Last year, when the same talks were in the news, the number of job opportunities decreased as employers played a wait and see game”, stated Dan Moran, Founder & President of Next-Act (www.next-act.com), a career transition management firm located in Colonie. Moran assists individuals in identifying new careers and also those in the midst of a job search and needing direction. His firm also tracks the job market on a regional and statewide basis.

Similar results were seen in other New York State markets. The Capital Region continues to outpace Buffalo, Rochester and Syracuse for job postings. The Capital Region is the smallest of all these markets as well. Other NYS markets saw some increases this past seven days,

# Background#

Job postings in the Region are normally in the baseline of 4000 – 4900 on a weekly basis and 7-day rolling average, consistent for this area. Monitoring job postings is a leading indicator of hiring within the following 30-45 days. This methodology is utilized by reading research houses nationally and is employed in the Region by Moran’s firm. For the purpose of reporting, the Region is defined as a 50 mile radius of Albany.