Job Market report - September 16, 2010

This week's report -- and the news is not good, Big drop in job postings which will lead to a more competitive market with fewer jobs ...
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For Immediate Release
For Information, Dan Moran 518-641-8968

Albany, NY, September 15, 2010

Job Postings Drop 12% Last Seven Days on Top of 20% Drop Prior Seven Days

(Albany, NY, September 15, 2010) – Job postings in the Capital Region continued to slide lower this past seven days, falling 12%. This is on the heels of a 20% drop the week prior. Postings came in at just over 4400, down significantly from the 6000-7000 levels reported during the Spring of this year.

“This drop is very concerning as the downward slide appears to be continuing. We do expect some drop off around Labor Day, but the bounce back is usually quick; we haven’t see it this year signaling that the job market has become much tighter for the Fall, historically a prime hiring season. Of course this is not good news for job seekers”, 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.

Moran added that markets across New York State saw increases in job postings while the Capital Region saw a decrease. “It appears that, after a downward slide around the holiday, the level of job posting activity in other NYS markets returned to pre-holiday levels – plus some. The Metro NYC area saw a significant increase both within the city as well as in the surrounding market.”

Moran offered his advice to job seekers, “Yes, the market is tighter for sure but still significantly better than last year at this time when job postings were around 3100. Those looking for a job should be prepared to see more completion so it is imperative to be well prepared, ready to sell your skills and make a dynamic first impression.”

# 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.

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About Next-Act

Next-Act, a division of DVG, Inc. is a career management & transition firm directed by Dan Moran, the Founder & President of the firm. Moran contributes over thirty years experience in career consulting, business and human resources management. Moran is noted for his expertise in helping today’s “boomers” move on to fulfilling second careers, while helping executives and professionals achieve their career goals. The firm also provides human resources consulting and corporate services to companies. Moran is also a certified facilitator for C.J. Hayden’s Get Clients Now! & Get Hired Now! programs.

For further press information: http://www.next-act.com/press_room.

Dan Moran
President & Founder
Next-Act
Career Management & Transition Specialists
125 Wolf Road, Suite #128
Albany, NY 12205
Office: 518-261-4212
Cell: 518-641-8968
eFax: 586-279-4212
dmoran@next-act.com