Job Market Drops Slightly after Huge Increases – Across NYS, Nationally and in our Region
(Albany, NY, August 7, 2013) – Job postings dropped a bit this past seven days but only after a 11% and 23% run up two weeks prior which is significant at this time of the year. In addition, and some great news, employers in our region are going to hire, in the 3rd quarter July – September at record levels which is now being forecasted. “Job postings were just about 2000, down from 2340 the week prior – not significant when you look at the market over the past three weeks which has been very, very strong. This is not uncommon – after a few weeks of great increases, there is a slight pause in hiring activity. What is great – this is occurring in the 3rd quarter of the year and this is highly unusual and a sign of continued strength in the regional job market. We continue to see consistency – and that is good” stated Dan Moran, of Next-Act (www.next-act.com), a career transition management firm located in Colonie.
While the national jobs report for July was at best weaker than expected, the Capital Region continued to develop jobs and the jobs are in all sectors. One part of the national report that was very concerning – over 70% of the jobs created nationally in July were part-time, temporary or in the retail or hospitality sectors, typically the lowest paid. “Not in our region – jobs are in all sectors and there are many great higher paying jobs available right now”.
Other markets in NYS were down a bit as well. The Capital Region continues to still outpace Buffalo, Rochester and Syracuse, all larger markets with more employers and population.
National Job Scene
On the national level, job postings were down slightly at 536,000 compared to 544,000 the week before.
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. In 2013, his firm will celebrate 25 years in business. 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.
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