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Old 01-20-2009, 09:47 AM
 
1,552 posts, read 4,399,439 times
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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."

New York to lead U.S. in job losses

The Associated Press: Report: New York to lead US cities in job losses

Here's hoping everyone can hang onto their jobs as things get increasingly ugly out there.
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Old 01-20-2009, 09:54 AM
 
Location: Weehawken, NJ
2,179 posts, read 6,395,990 times
Reputation: 1167
This isn't shocking. A huge population = more jobs lost.

I would be stunned if this was the case in say, Philadelphia.
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Old 01-20-2009, 10:01 AM
 
Location: 32°19'03.7"N 106°43'55.9"W
8,583 posts, read 18,916,196 times
Reputation: 8275
Quote:
Originally Posted by HobokenGuy View Post
This isn't shocking. A huge population = more jobs lost.

I would be stunned if this was the case in say, Philadelphia.
But not as stunned if this was the case in Detroit!
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Old 01-20-2009, 10:03 AM
 
Location: Weehawken, NJ
2,179 posts, read 6,395,990 times
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Quote:
Originally Posted by mike0421 View Post
But not as stunned if this was the case in Detroit!
heh What a joke of a city.
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Old 01-20-2009, 10:07 AM
 
Location: Piscataway, New Jersey
531 posts, read 2,053,662 times
Reputation: 159
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%.
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Old 01-20-2009, 10:09 AM
 
Location: OH->FL->NJ
15,378 posts, read 10,855,063 times
Reputation: 7727
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.
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Old 01-20-2009, 10:09 AM
 
Location: NJ
12,285 posts, read 33,913,786 times
Reputation: 5284
I feel terrible for those who have lost their jobs. HG, how's it going? Have you looked into contract work?
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Old 01-20-2009, 10:17 AM
 
Location: 32°19'03.7"N 106°43'55.9"W
8,583 posts, read 18,916,196 times
Reputation: 8275
Quote:
Originally Posted by syncmaster View Post
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.......
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Old 01-20-2009, 10:24 AM
 
Location: Savannah GA/Lk Hopatcong NJ
13,183 posts, read 26,912,985 times
Reputation: 11395
Quote:
Originally Posted by tahiti View Post
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
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Old 01-20-2009, 10:29 AM
 
Location: Piscataway, New Jersey
531 posts, read 2,053,662 times
Reputation: 159
Quote:
Originally Posted by mike0421 View Post
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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