The Job Exchange

Tapping Into The Hidden Job Market

Where the jobs are – still

Excerpted from

If you happen to belong to the broad category of employees the Bureau of Labor Statistics identifies as “management, business, and financial occupations” — a group that includes white-collar folk whose titles range from office manager to CEO — there may well be a job opening out there somewhere with your name on it.

“…grim reports about mounting unemployment usually neglect to mention that job losses don’t fall equally across all categories of workers. The overall unemployment rate… includes people of all ages and occupations. But joblessness tends to be more widespread among very young workers, no matter what the economy is doing, points out Karen Kosanovich, an economist at the BLS.

Notes Jonas Prising, president of staffing giant Manpower North America (, “Some of the ‘job cuts’ announced in late 2008, especially by very large companies, included normal attrition like retirements, plus a certain amount of deciding simply to leave some unfilled positions open for now. So that widely cited figure of 2 million job losses is not all involuntary layoffs, which makes it far less scary than it sounds.” 


“It’s critical for job seekers to keep a sense of perspective about the downturn, because there are still companies hiring,” says president Alexandre Douzet. researchers looked at 10 metropolitan areas around the U.S. and found that out-of-work executives have the best chance of getting a new job in Washington, D.C., and San Francisco, two cities where the ratio of candidates to openings is lowest (3-to-1). Boston has a job seeker-to-job ratio of 5-to-1; Philadelphia and New York are slightly tougher at 6-to-1; and Chicago, Austin, and Los Angeles are the most crowded (hence most competitive) executive job markets, with 7-to-1 ratios.


Where the jobs are


02/23/2009 Posted by | Economy, jobs | , , , , , , , | 2 Comments