The second quarter of 2010 revealed the highest quarterly rise in executive search industry revenues since the low point in the recession 15 months ago, according to a report released by the Association of Executive Search Consultants (AESC). Building upon already strong quarters in the second half of 2009 and early 2010, the study shows a quarter-on-quarter 12 percent growth rate in net headhunting revenue worldwide and substantial year over year growth in the number of search mandates started across most industries and regions. Highlights include a 42 percent rise in industry-wide revenues and a 38 percent increase in the number of new executive searches started globally. Executive searches within the financial services industry witnessed the greatest growth in Q2 2010, rising 50 percent from Q2 2009. This growth was closely followed by increased search activity within the technology industry, up 43.5 percent, and then industrial (+39 percent) and consumer (+37 percent). “The critical issue now is whether the next two quarters will hold up in the face of continuing uncertainty about a double dip recession,” said Peter Felix, AESC president.

The full report can be seen here: http://www.bls.gov/news.release/empsit.htm.

Total employment in the United State fell by 131,000 positions in July as the unemployment rate remained at 9.5 percent, according to new figures released from the Labor Department. The most significant losses were seen in the government as 202,000 jobs were shed. The end of 143,000 temporary census jobs made up the bulk of losses, however, cash strapped state and local governments also trimmed 48,000 positions. Total private sector employment increased for the seventh month in a row, adding 71,000 positions.

Helped by many automakers and part suppliers skipping their normal summer slowdown, manufacturing added 36,000 positions during the month. Manufacturing has added 183,000 jobs since December 2009. The professional, management and related occupation unemployment rate in July was 5 percent, down from 5.5 percent a year ago. The unemployment rate for college educated workers, those with a bachelor’s degree or higher stood at 4.5 percent, down from 4.7 percent a year ago.

The average duration of unemployment in July fell from 35.2 to 34.2 weeks, marking its most substantial decrease since November 2008, when average unemployment was 18.7 weeks. The percent of unemployed people out of work for over 27 weeks decreased for the second month in a row falling to 44.9 percent from 46 percent in May. However, there is little indication if long-term unemployed people finding work are causing this, or if they have simply taken themselves out of the job market.

The presence of temporary census jobs in the employment figures over the past few months first exaggerated the recovery by showing large gains yet now are hiding its stability by indicating losses. The slow, but relatively stable growth of private sector jobs over the last seven months are reminiscent of what would be expected in a post-bubble-era of any market and indicates U.S. businesses regaining their footing.

NewsRelease

Contact:

Mark Angott

248.650.4800

August 17, 2010
(Rochester, Michigan) – Angott Search Group is pleased to announce the addition of Chad Darnell as a Director who will focus on the continued growth of the firm’s Insurance Division. “The addition of Chad to our organization will help ASG continue to develop lasting and productive relationships with our clients and candidates within our Insurance industry specialization,” said Mark Angott, President. “His strong client relationships and close ties within the industry position him well to generate further growth and momentum for Angott Search Group.”

With thirteen plus years of increased responsibility in the insurance industry, Mr. Darnell brings an impressive track record of success at both large and regional insurance carriers. “We are extremely excited to have someone of Chad’s caliber join our team,” remarked Angott. “His real world experience with Employee Group Benefits and Personal/Commercial Property and Casualty markets will assist both our customers and clients.”

Darnell graduated from Central Michigan University with a BA in Organizational Communications and was Co-Captain of the Central Michigan Football team earning 1^st Team All-MAC honors as a quarterback. He is also a Licensed Resident Agent for Life, Accident, Health, Property and Casualty lines of insurance.

For more information, contact:

Mark Angott

Angott Search Group

(248) 650-4800

mangott@asgteam.com

About Angott Search Group

Angott Search Group (ASG), (www.asgteam.com) located in Rochester, Michigan has been identifying, qualifying and delivering top talent to our clients since 1981. Our team of recruiters has decades of hands-on experience and specializes in several different industry niches. Our goal is to positively impact companies and enhance careers with a business approach that embodies the principles of honesty, integrity, and professionalism. It is this belief coupled with our mission that has made Angott Search Group one of the leading executive search firms in the nation.

Angott Search Group is committed to providing quality service. We strive to become a partner with our client’s management team. This dedication has resulted in a strong track record of success. We have been privileged to serve many of our clients for over two decades. As a result, over 75% of our business is generated from existing clients.

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