Job Market report June 27 2013

Going the wrong way this week!
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For Immediate Release

June 26, 2013

Job Postings In Region Drop 13% - Following National Trend

(Albany, NY,  June 26, 2013) –  After holding steady the past few weeks, job postings in the Region dropped 13% the past seven days catching many by surprise. “As I have been reporting, nationally job postings are down close to 30% over the past few weeks as it appears that Wall Street performance, worries over the costs for Affordable Health Care and other issues were affecting the market nationally and it appears that we are seeking the bite as well, albeit not as strong however, evidence that we are in a stronger market – in fact the strongest in New York State (with the exception of small, Cornell-influenced Ithaca). With the Independence Day holiday next week, I expect the slump to continue for another 10 days or so”, stated Dan Moran, of Next-Act (www.next-act.com), a career transition management firm located in Colonie. Moran added,

Postings were approximately 1725 the past seven days compared to 2000 the prior seven days. .

Other markets in NYS dropped as well, with the exception of New York metro which held steady the past seven days.. 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 continued to drop significantly indicating a real slow down in employer hiring activity which we will see in June’s end-of-month jobs report. “There is clearly an issue on the national front likely fueled by the stock market performance and employer concern over costs they may face if they hire full-time employees under the Affordable Health Care Act. I have heard from employers who told me that they are just learning how much health insurance costs will be skyrocketing – and this can put a halt to hiring”. Postings were 514,000 compared with 549,000 the week before and 650,000 two weeks ago on June 12^th. .  

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.