Press Releases
Search Jobs
Jobs Near -, -
Sharepoint Consultant - Washington Navy Yard, DC
Exercise Analyst - DC
Talent Assessment Manager - DC
Executive Job Market Continues to Thrive, Job Seekers Nationwide Cite Stability at High End
TheLadders.com Quarterly Executive Job Market Trends Report Takes Pulse of Nationwide $100,000+ Job Market <BackNEW YORK (July 2, 2007) - 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 world's leading $100,000+ jobs website, a high-end hiring surge is underway. The company's 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-seeker's market.
"The $100k+ job market is continuing to see strength in hiring activity even during fluctuations in the economy," said Marc Cenedella, president and CEO of TheLadders.com. "That is a clear signal of stability within the executive arena."
Regional Job Market Analysis
TheLadders.com's 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 "stable" or "somewhat stable," 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 they'd 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.
About TheLadders.com
TheLadders.com is the world's largest online service catering exclusively to the $100k+ job market. Our job is to make the search for senior talent and senior positions quick and effective. With access to the most $100k+ job leads in one place, senior level professionals can get to the next step in their careers faster. Top recruiters value the ability to quickly and easily connect with so much qualified talent in the sales, marketing, finance, HR, legal, tech and operations industries. Founded in 2003 by Marc Cenedella, TheLadders.com has grown into the largest specialty employment website with over 1,380,000 members, 30,000 recruiters and $10 billion in available job listings. We're based in New York, but you can reach us anywhere, anytime at www.theladders.com.
Note to editors: Trademarks and registered trademarks remain the property of their respective owners.
Media Contacts
Maria Schiller
TheLadders.com
646-453-1913
maria.schiller@theladders.com