Executive Job Market Continues to Thrive, Jobseekers Nationwide Cite Stability at High End

Economic indicators have given us a bumpy ride since the beginning of 2007. January and March showed increases in the payrolls, while February and April showed vast declines. It now looks like the economy is making a comeback. Just last month the U.S. Department of Labor announced that nonfarm payroll employment increased by 157,000. How are these fluctuations affecting the higher-end $100,000 job market? According to data tabulated by TheLadders.com, the worldís leading $100,000 jobs website, a high-end hiring surge is underway. The companyís Quarterly Executive Job Market Trends Report for Q207 found that, overall, the ratio of active job seekers to high-end job openings has decreased across much of the U.S., creating a job-seekerís market.

ìThe $100k job market is continuing to see strength in hiring activity even during fluctuations in the economy,î said Marc Cenedella, president and CEO of TheLadders.com. ìThat is a clear signal of stability within the executive arena.î

Regional Job Market Analysis
TheLadders.comís Quarterly Executive Job Market Trends Report measured hiring activity across a variety of metrics and found the hottest $100,000 job markets to be New York, San Francisco, Boston, Chicago and Seattle. On a month-to-month basis, New York has been sparring for the top spot with San Francisco. The Big Apple continues to edge out its west coast counterpart in the quarterly rankings, however. The New York metropolitan area is currently attracting the highest number of job-seekers from other parts of the country, and the ratio of job-seekers to job postings in New York currently sits at an attractive 3:1. Among the firms doing the most high-end hiring in the region are Johnson & Johnson, Pricewaterhouse Coopers, Avaya and Citigroup.

Elsewhere in the U.S., the west coast is seeing exceptional strength in the technology and telecom sectors. Companies such as Sun Microsystems, Kyocera Wireless, Yahoo!, Google and eBay are all looking to increase their management rolls in San Francisco and San Diego. Likewise, a very low ratio of job-seekers to job postings has swept across San Francisco, Washington, D.C., San Diego, Boston and Seattle, making this summer a prime time for job seekers to seize new opportunities.

The tightest markets among the top 20 DMAs in the U.S. are Tampa and Detroit. Neither is currently drawing much attention from out-of-state job searches and there is stiff competition for every available opening.

Job Seeker Survey
As part of TheLadders.com Quarterly Executive Job Market Trends Report, active job seekers throughout the country were asked to weigh in with their own first-hand accounts on the status of the current job market in their cities. Job seekers were asked questions such as: How stable is the job market in your city? Do you feel that there are more opportunities in cities outside of your own? Where are the best opportunities?



Although the majority of job-seekers described the high-end job market in their cities as either ìstableî or ìsomewhat stable,î many believe that they would be better able to reach their career goals in another city. The city receiving the most votes as the ultimate land of opportunity for job seekers was New York. And, judging by the survey results, many executives would be willing to relocate for a shot at a great job offer; 75.65% of respondents said theyíd leave their current cities for an out-of-town assignment.

Complete city-by-city data and survey results are available at the following link: http://www.theladders.com/static/boom/q2_07_index.html. Please contact John Roderick at 631-656-9736 or john@jroderick.com to receive more information.