The NYC Job Search
With many companies hurting from the credit crisis and housing market slump, New York jobs in the finance industry may no longer be as stable as in years past. According to the most recent statistics, approximately 2,000 jobs were lost in June when compared to the previous year. State labor department market analyst James Brown told Reuters that this may be the first decline in what could end up being a sever slump brought on by the fact that many banks and brokerages are seeing their profits dwindle. Brown says that until June, New York Citys manufacturing industry had been the only sector that had lost jobs when compared to the year before.
The citys financial sector, which includes banks, brokerages, real estate firms and insurance companies, employed 469,800 in June, 179,000 of which worked in the securities industry. Already this year, Brown said Wall Street has done away with 7,600 of its workers. Banks and brokerages were the first to post a year-over-year loss, which they did in April when a 400 job decline was noted.
Current jobs losses in the city will not be the end of the problems faced in this industry. Theyre in the middle of a cyclical downturn, theyve been through them before, said Brown. The job losses obviously will be substantial. He went on to say that during past declines the securities companies in New York City have cut their staff by 20 to 25 percent.
Despite problems being experienced in the financial sector, over all employment in New York City, which is at 3.683 million, is higher than that of last year. Unemployment, however, increased from 4.8 percent in May to 5.3 percent in June, which is .03 percent higher than June 2007. The area of the city that had the highest unemployment was the Bronx, where 7 percent of residents were unable to find work. According to Brown, this is not a notably high jobless rate for the borough.
All of New York Citys other major industries added jobs in June, when compared to the to 2007. The largest job gains were experienced by the trade, transportation and utilities sector, which had 7,900 new jobs, and leisure and hospitality, which added 6,200 new positions. Other sectors that posted notable job growth were government, with 3,200 new employees, construction, which created 2,100 jobs, and professional and business services, which added 1,400 new positions.
Posted by: Job Helper on 7/28/2008 at 8:55 PM | Comments (0) | Permalink
Las Vegas Employment Landscape Trending Upward
Those looking for a Las Vegas job may think the city
has nothing to offer but bright lights and gambling. However, Las Vegas is able
to boast one of the top job markets in the nation, with several employment
industries expected to be on the rise.
About
1.8 million people live in metropolitan Las Vegas. According to the Nevada
Department of Employment Training and Rehabilitation, the city is expected to
see a 9.5 percent increase in jobs through this year, and a 47.4 percent
increase through 2014.
In
April 2007, the annual Business 2.0 report listed Las Vegas as the second
hottest job market in the nation, coming in second only to Orlando, Florida. Analysts
say Las Vegas could end up topping Orlando in job growth, because it is
uniquely insulated from downturns in ways most major cities aren't.
The
city is projected to see a two-year job growth forecast of 6.5 percent, says
the report. With a sixth of the city's workforce employed in the construction
and real estate industries, the most popular jobs listed were: construction
project manager at $78,800 per year, IT project manager at $74,600 per year, construction
superintendent at $71,900 per year, civil engineer at $70,000 per year and executive
chef at $65,500.
According
to the report, the recent decline in the value of the U.S. dollar has brought
many foreign tourists to Las Vegas, upping restaurant openings and hotel
expansions.
"MGM
Mirage alone plans to hire 28,000 new employees by the end of the decade," the
report states. "Milken Institute economist Ross DeVol notes that Vegas
continues to attract back-office operations from California's high-tech
regions. The cost of a knowledge worker, including salary, training, and
benefits, is about 20 percent lower here than it is in Los Angeles or San
Francisco."
According
to the DETR, the following industries make up the Las Vegas job market: natural
resources and mining account for 1 percent, construction at 11 percent,
manufacturing at 4 percent, trade, transportation and utilities at 18 percent,
information at 1 percent, financial activities at 5 percent, professional and
business services at 12 percent, education and health services at 7 percent,
leisure and hospitality at 27 percent, government at 12 percent and other
services at 2 percent.
The
top 10 job industries expected to grow through 2014, according to the DETR,
are: traveler accommodation by 39.2 percent, elementary and secondary schools
by 46.7 percent, full-service restaurants by 52.9 percent, employment services
by 78.2 percent, limited service eating places by 46.1 percent, foundation,
structure and building exterior contractors by 46.3 percent, general medical
and surgical hospitals by 49.2 percent, services to buildings and dwellings by
65.9 percent, building equipment contractors by 43 percent and building
finishing contractors by 34.8 percent.
Posted by: Job Helper on 6/11/2008 at 10:26 AM | Permalink
Finding Entry Level Jobs - Employment Crossing.com
EmploymentCrossing.com, a job search website, has been busy creating industry specific sites for employers to post their help wanted ads on. Many hiring managers prefer using such websites because they tend to attract a smaller number of unqualified applicants. EmploymentCrossings newest addition is a website that deals only entry level jobs, EntryLevelCrossing.com.
EntryLevelCrossing.com pulls all listed entry level jobs off of the internet from employer and association websites along with other job boards and allows users to access them from one source. Instead of spending countless hours trudging through a myriad of webpages, jobseekers can now devote their time to other matters.
The websites one downside is that users are expected to pay a monthly fee of $29.95 to be able to view the entry level job listings. At this time the company is offering a one week free trail to those who would like to test out the site before paying.
This is not a good job market for most job seekers says EntryLevelCrossings CEO Harrison Barnes. We are seeking to provide them a platform to research every single entry level opening in the market at one time. This provides entry level job seekers with a level of security that they are doing what it takes to find the right job. We have over 50 servers looking for and classifying entry-level jobs 24 hours a day.
Barnes claims that to find as many entry level job listings as his company is able to in one day a person would have to spend years searching without sleep. He went on to say that the frightening part is there are so many jobs out there that we are finding new sites with entry-level jobs on them all the time and the numbers are staggering.
Some of the most popular searches on the website at this time include: entry level job, entry level IT jobs, entry level accounting jobs, entry level tech jobs and entry level HR jobs.
Posted by: Job Helper on 5/29/2008 at 2:38 PM | Comments (0) | Permalink
Video Resume Pros and Cons
Hiring managers maybe interested in seeing video resumes, but theyre still a far cry from common in todays workplace. Although many job search websites have made it possible for users to upload such media files for employers to view, few are actually do so, according to a survey conducted by MRINetwork, which is one of the worlds largest search and recruitment organizations.
MRINNetwork surveyed more than 500 potential candidates and found that only 4 percent have used a video resume while looking for a job. The organizations president, Michael Jalbert, says that its too soon to say whether video resume will take off. He went on to say that right now we estimate there are probably less than 200 of them posted on various sites, but there are companies that are trying to develop business around this concept.
One of the reasons that video resumes may not be catching on as quickly as some recruiters would like is the fact that many individuals are uncomfortable with the technology involved. Since it takes more than five minutes and a digital recorder to create a quality video resume, this is understandable, but with the help of computer programs even the inexperienced can create a professional piece of work.
In order to avoid creating a video resume that appears sloppy, one should make sure that the camera being used is steady throughout the course of filming. Frequently camera movement, like seen in The Blair Witch Project, will throw the viewer off and make it hard to focus on the experience and qualifications of the candidate presented in a video resume.
Use a relatively clean and professional space for filming. An extremely messy room or college humor style posters that sing the praise of alcoholism will most likely employers the wrong idea.
Before recording a full length video resume, turn the camera on and view the area where filming will take place. Make sure that the available lighting is sufficient and at a natural level. Something as small as adjusting the blinds or adding a lamp can change the appearance of a video resume altogether.
Since the focus of a video resume should be on the applicant, get rid of all background noise before filming. This may involve putting the family dog in another room or having a friend watch the kids, but it will really make a difference in the quality of the short film.
Remember that hiring managers do not have a lot of time to devote to watching media files, so keep video resumes short. Most recruiters say that three to five minutes should be enough time to get the point across.
If planning to turn in a video resume via CD or DVD instead of just uploading it online, then take the time to print off a label for it instead of using a black sharpie. It may seem small, but doing this post production will add a bit of professionalism to the disc and keep it from looking like a mixed CD made for a friend.
Posted by: Job Guy on 5/19/2008 at 3:26 PM | Permalink
Unemployment Hits Las Vegas
Nevadas unemployment rate inched up slightly in the month of March, increasing from Februarys 5.7 percent to 5.8 percent, according to the Nevada Department of Employment, Training and Rehabilitation. This figure is 0.7 percent higher than that of the national average.
Losing the most Las Vegas jobs and elsewhere in the state was the construction industry. Over the last 12 months this sector decreased the number of positions it provided in Nevada by almost 12 percent, showing that the current real estate crisis is certainly effecting the area.
Recently MGM Mirage announced that it will be doing away with 400 jobs in Las Vegas. A representative for the company says that the layoffs area the result of slowed consumer spending and will mainly effect the positions of middle-level corporate managers.
With the current economic situation, fewer individuals have as much money to spend on vacations to Vegas. Company spokesperson, Alan Feldman, says that quest are opting for less frills during their visits, choosing cheaper hotels, not attending as many shows and staying for shorter periods of time.
In a recent statement the company said that economic conditions in the U.S. including the downturn in the housing market and credit concerns, during the latter half of 2007 and into 2008 have had, and could continue to have, a negative impact on our operating results.
Because of this MGM Mirage came up with this cost-cutting strategy in August as a response to the slowing U.S. economy. These staff reductions are expected to save the company approximately $75 million annually. Unless the economy worsens further, the company does not plan any further Las Vegas job cuts. The Nevada Gaming Control Boards February casino report showed the revenue had slipped by 3.9 percent from the previous year.
Posted by: Job Guy on 4/29/2008 at 9:50 PM | Permalink