According to an article on Time.com, New York City had one of the worst job markets in the United States along with other smaller markets such as Riverside, CA and Providence, RI. The unemployment rate in NYC has gone up even though the Big Apple added 28,900 jobs in January of 2012.
I guess this will be addressed by Governor Andrew Cuomo who has initiated a program called New York Works to create much needed jobs in NYC and also look at repairing infrastructure. All this is part of a bigger plan which has the state of New York passing a $132 billion budget. Out of this, $16 billion will be spent on the New York Works program.
I have already mentioned that NYC is one of the most dynamic job markets out there and probably the best place to be regardless of your profession or how the economy is doing. But it is indeed interesting to note that there is almost a $2 billion budget deficit.
Ever since I graduated last spring from the University of Minnesota, I have had the dream of working in New York City and Wall Street in particular. I have tried various strategies and I want to share with you one of them and that is to get staffing firms to assist you in landing your next gig in the Big Apple.
Wall Street Services
I want to cover more than just Wall Street and finance in this post, but what better place to start than this finance staffing agency. Go ahead and upload your resume to the site and be prepared to make cold calls to recruiters and keep following up as the website is flooded with resumes from top caliber applicants.
When you think of New York City, I guess the first that comes to mind at least in mine is that it is the financial capital of the world with Lower Manhattan’s Wall Street being the buzz word in most cases. But leaving aside the corporate headquarters of Fortune 500 companies and other big foreign firms, how many people have actually heard of Silicon Alley.
Yes, I said Silicon Alley and not Silicon Valley. Silicon Alley is doing really well and has actually taken advantage of the decline that is being seen on Wall Street by being able to lure top talent away from the finance and banking sector that NYC has become so well known for over the years.
More and more tech start-ups are finding NYC more favorable than the birthplace of the United States high-tech economy which was Silicon Valley, California. I know it was the recession and the poor job markets that grabbed the headlines a lot back in 2009, but it must be noted that there were 247 venture capital transactions that amounted to $1.4 billion completed in NYC that year.