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Ruh-roh. This is one category where being Number One is not what you want to hear.
This is not good news for the area's economy, especially Northern NJ.
"New York is No. 1 again - this time, unfortunately, in job losses.
The city is projected to shed more jobs than any other metro area in the country this year, with 181,000 people likely find themselves without a paycheck."
NY Metro isn't near the top in terms of forecast unemployment rate though. It comes down to HG's point above. We'll lose a lot more than anyone else, but as % it'll still be less.
If you look at the actual study at http://usmayors.org/77thWinterMeetin...ort-200901.pdf, you'll see the real hurt will be in metros with high forecasted unemployment rates for 2009. For example: Detroit 11%, Cleveland 10%, Inland Empire 12%, Greensboro 10%, Toledo 12%, Fresno 15%, Fort Myers 11%, Myrtle Beach 10%, Yuma 24% (!), Punta Gora 12%, El Centro 30% (!!), and many more.
By comparison, NY Metro - 8%. Philly metro 7%. Lehigh Valley 8%. Trenton 7%. Atlantic City 10%.
The story is misleading. It shows absolute numbers not relative ones.
Unemployment rate is 6.1% in NNJ as of Nov 2008. Im not saying that is good but, here is a little bit of Clarity: In MI its well over 9% and looks to head well into double digits.
NY Metro isn't near the top in terms of forecast unemployment rate though. It comes down to HG's point above. We'll lose a lot more than anyone else, but as % it'll still be less.
If you look at the actual study at http://usmayors.org/77thWinterMeetin...ort-200901.pdf, you'll see the real hurt will be in metros with high forecasted unemployment rates for 2009. For example: Detroit 11%, Cleveland 10%, Inland Empire 12%, Greensboro 10%, Toledo 12%, Fresno 15%, Fort Myers 11%, Myrtle Beach 10%, Yuma 24% (!), Punta Gora 12%, El Centro 30% (!!), and many more.
By comparison, NY Metro - 8%. Philly metro 7%. Lehigh Valley 8%. Trenton 7%. Atlantic City 10%.
How many in this forum have ever had the 'privilege' of being in either of these two bolded towns? You can't even imagine.......
I feel terrible for those who have lost their jobs. HG, how's it going? Have you looked into contract work?
I agree... we had an ad out for part time data entry people and the resumes break my heart..people who have good solid skills and job histories...very sad
How many in this forum have ever had the 'privilege' of being in either of these two bolded towns? You can't even imagine.......
Enlighten us.
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