July, 2006

Things are humming along in the US and job growth remains extremely strong. Although the media has focused on one jobs report that focuses on large companies (and it suggests a slowing of growth based upon an increase of 122000 jobs in June), it is actually a very narrowly target report that keys in on large company hiring. In fact, there is another government survey that includes small companies that shows an increase of 387000 jobs.

This is an extraordinary accomplishment and points to the impact of the tax cuts and increased government spending racing through the economy.

According to an article I read recently written by Lawrence Kudlow, the US economy has increased by 2% or $2.2 trillion over the past three years, an amount equal to the entire economy of China or that of the combined economies of India, Ireland, Belgium and Mexico combined.

So, what does all of this mean for you?

It means that you should be open minded to joining a smaller company where more than 80% of the new jobs are being created.

It also confirms the probability of labor shortages in a lot of areas and fields during the next year despite the double headed threat of inflation and recession increasing.

Keep your experience in the important areas of your field current.

And don't be influenced by the fear mongers.

Jeff Altman

The Big Game Hunter
Concepts in Staffing
jeffaltman@cisny.com

© 2006 all rights reserved.

Jeff Altman, The Big Game Hunter, is Managing Director with Concepts in Staffing, a New York search firm, He has successfully assisted many corporations identify management leaders and staff in technology, accounting, finance, sales, marketing and other disciplines since 1971. He is a certified leader of the ManKind Project, a not for profit organization that assists men with life issues, and a practicing psychotherapist.

To subscribe to Jeff’s free job search ezine, Head Hunt Your Next Job, or receive a daily digest of positions emailed to you, go to http://www.jeffaltman.com

If you would like Jeff and his firm to assist you with hiring staff, or if you would like help with a strategic job change, send an email to him at jeffaltman@cisny.com (If you’re looking for a new position, include your resume).