For
Immediate Release
For
information: Dan Moran, 518-641-8968 dmoran@next-act.com
Job
Market Continues Flat – Market Concerns over Affordable Care Take Hold
Albany,
NY, October 30, 2013) – As forecasters predicted, the uncertainty
over the Affordable Health Care Plan (aka Obamacare) has put the job market in
a huge stall – nationally, statewide and in our Capital Region. “We are seeing
flat – very flat – job market activity in a period when forecasters all
concurred should be much stronger, but it is not. Employers are reacting to the
uncertainty of the health insurance market as it appears that overall insurance
premiums will be higher and that affects employers costs directly. When in
doubt , the employment market will stall –we are there now and not at the best
of times for sure”, stated Dan Moran, of Next-Act (www.next-act.com),
a career transition management firm located in Colonie.
In
the Capital Region, postings were flat with the week before. The past seven
days postings averaged 1834 vs. 1831 the week prior – flat. Other markets in
NYS posted similar results flat results this past week. The Capital
Region continues to still outpace Buffalo, Rochester and Syracuse, all larger
markets with more employers and population.
“In
speaking to business leaders, I am hearing the same thing over and over again –
they are not spending money and that mean hiring until the healthcare situation
is straightened out and they know their real costs. A conversation yesterday
was telling: “I am not spending one penny more than I have too now as I have no
clue what effect Obama care will have on my business”.
National
Job Scene
Nationally
the market was flat as well and down significantly from a few weeks ago. Job
postings the past seven days were 515,250 compared to 522,000 the weeks
before and 547,000 two weeks ago. “The disturbing trend continues. The market
has softened considerable from early October (10/1/13) when there were 624,500
jobs nationally – that is over a 17% drop in one month”.
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