Thursday, January 30, 2014

Job Market report 1 30 14 - A bit soft -

For Immediate Release
For Information: Dan Moran 518641-8968

Job Market Settles back a bit after huge surge

(Albany, NY, January 29, 2014) The job market in the region, state and nationally cooled a bit this past seven days after quite an impressive increase the past few weeks. “ The market performs in this manner. We see strong surges for a few weeks, and a week of cooling which we have seen this past week. Not unusual at all, and on the heels of some promising job market reports nationally”, stated Dan Moran, President and Founder of Next–Act, a career transition management firm in Colonie. 

Job postings in the Capital Region were 1775, down from 2100 the week prior. Other markets in NYS saw similar results. The Capital Region still outpaced Buffalo, Rochester and Syracuse for jobs in the market and the Capital Region is much smaller in population and employment than other NYS markets.

Market concerns are rising
 Employers are very concerned over rising health insurance costs and the effect of the Affordable Care Act (Obamacare), minimum wage increases and as a result may hold back on hiring and that is very concerning. “ I am hoping we are seeing a pause in the market this week and not a longer term issue where employers are, as forecasted, concerned over rising employment costs. National surveys are indicating that employers are planning actions to control costs and some actions may include delaying hiring, cutting hours to under 30 hours per week and reducing other benefits. 

National Job Market

Nationally the market slowed quite a bit – more than normal and expected. Postings were 593,000 vs. 673,000 the week before, quite a drop. 
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. 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.

Dan Moran
President & Founder
Career Management & Transition Specialists
Corporate Management Services
Celebrating 25 years providing career & corporate management services in 2013!
125 Wolf Road, Suite #128
Albany, NY 12205
Phone: 518-641-8968
eFax: 586-279-4212
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