This week's job report - April 6, 2011

A bit unsettled ...
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For Immediate Release
For Information, Dan Moran 518-641-8968

Albany, NY, April 6, 2011

After flat week, Job Postings Decline Yet Again on heels of positive Region new jobs reports

(Albany, NY, April 6, 2011) – Job postings in the Capital Region dropped again last week by over 20% indicating an anemic, and slowly-recovering job market in the Capital Region at a time when the market should be much better. Job postings dropped under 4000 for the first time since January of 2010, coming in at just about 3800 – far below last year’s 6000 + number for the same period, but a full one-third better than 2009 where we were deep into the job recession in this area. “ We have had some great news on the job front this past week at the nanotech complex, of course with Global Foundries and other local companies, but it just doesn’t seem to be enough to spurn more hiring. Job postings are reported up in NYS, but it is no so in our Region. Also, we saw job losses in February this year, unexpected for sure. Employers may be still waiting for the details of the State budget to shake out, or, as strange as it may seem, for Spring to break out, which I have seen for years. Many industries were hurt by the number of severe storms this past winter and may need a few warm weeks to have business snap back. Others feel that the Capital Region has always felt the effects of economic downturns later than the rest of the country, and our recovery is, therefore, later as well. We will have to watch close the next few weeks to see if this is seasonal, or a trend, “ 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.

In other New York State markets, postings were as well flat or down slightly the past week. 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