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Talent Search Heats Up in High-End Job Market: Influx of Job Openings Reduces Competition in Top 20 Cities

TheLadders.com Quarterly Executive Job Market Trends Report Takes Pulse of Nationwide $100,000+ Job Market <Back

NEW YORK (April 3, 2007) - The U.S. Department of Labor is expected to announce that 140,000 jobs were added to nonfarm payrolls in March 2007, signaling continued strength among American companies. What does this growth mean for the higher-end $100,000+ job market? According to data tabulated by TheLadders.com, the world's leading online service for $100,000+ jobs, a high-end hiring surge is underway. The company's Quarterly Executive Job Market Trends Report for Q107 found that 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.

"While economic indicators have been sending mixed signals through much of the first quarter, one consistent source of strength has been the hiring activity in the $100,000+ job market," said Marc Cenedella, president and CEO of TheLadders.com. "From New York to San Francisco, we're seeing companies looking to build their upper ranks."

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, San Diego, Washington, D.C., Chicago, and Seattle. Thanks in large part to steady growth among Fortune 500 stalwarts, New York has reclaimed the title of the hottest job market from close competitor San Francisco. The New York metropolitan area is currently attracting the highest number of job-seekers from other parts of the country. The ratio of job-seekers to job postings in New York currently sits at 2:1. Among the firms doing the most high-end hiring in the region are MetLife, Avaya, Schering-Plough and Merck.

Elsewhere in the U.S., San Francisco and Boston have also seen exceptional strength in the technology and financial sectors, respectively. Companies such as Cisco Systems, Google, Sun Microsystems, Fidelity Investments and Liberty Mutual are all looking to increase their management rolls in the San Francisco and Boston. Likewise, a very low ratio of job-seekers to job postings has swept across San Diego, Washington, D.C., Seattle, Austin, Philadelphia, Los Angeles, Houston, Chicago, Baltimore and Minneapolis.

The tightest markets among the top 20 DMAs in the U.S. are Detroit, Tampa and Dallas. All three have seen decreases in out-of-state job searches and stiff competition for every available opening.

Complete city-by-city data and survey results are available at the following link: http://cdn.theladders.net/static/boom/index.html.

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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 1,260,000 members and 30,000 recruiters. We're based in New York, but you can reach us anywhere, anytime at www.theladders.com.

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Media Contacts
Maria Schiller
TheLadders.com
646-453-1913
maria.schiller@theladders.com