New York City is #1 …in Jobs!
Today’s New York Times (11/19/2010) has a great article on employment in NYC – more jobs were added during October 2010 than any time in the last 5 years. The unemployment rate in NYC is now 9.2 vs 9.6 for the country overall.
And most important these jobs aren’t all on Wall Street – in fact the majority are in advertising and accounting and other professional services industries.
And this is reflective of our business; many media professionals changed jobs this year in order to improve positions, earn more money or just for a change of scenery. This is impacting our searches; many of our candidates have just made a move and are no longer in the market. And digital candidates are leaving agencies for publishing/clients or start-ups. It is difficult to find top talent to fill the openings we have.