Job Market Report - March 23, 2011

Okay - up last week, down this week - the market is sluggish ...
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For Immediate Release
For Information, Dan Moran 518-641-8968

Albany, NY, March 23, 2011

Job Postings Plummet a Concerning 14% over past week

(Albany, NY, March 23, 2011) – Job postings in the Capital Region plummeted 14% the past week continuing to show the sluggish jobs recovery in the Region. This is a full 13% lower than last year at this time and comes on the heels of several flat weeks and one week of increase. “ I have been watching the numbers on a day to day basis and saw some numbers that indicated we may have been moving out of the slump, but then the numbers changed. This week we saw a significant decrease – and this continues which is very concerning. This also comes after a report that the Region lost 6400 jobs last year, fueled by cuts in the public sector which will continue. The good news is that the private sector actually increased jobs the past year. Growth will be the private sector in this area, “ 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.

“For those in the job market, this just means that one needs to be better prepared, more aggressive and focused in their pursuit of a job as the market has become again more competitive. Sweating the details of their resume being sure it is perfect, preparing to nail every interview and making contacts – and then more contacts – is imperative in a tough and competitive market”, continues Moran. “Those in the public sector who feel their job may be in jeopardy should start preparing now to market their transferrable skills to the private sector, and not wait”.

Postings slumped significantly in other New York State markets as well. While a smaller market, the Capital Region still outpaces other NYS markets (with the exception of metro NYC). This has been consistent for well over three years.

#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