Almost all U.S. cities to lose jobs in 2009: forecast

[Omaha Steve]

Source: Reuters

WASHINGTON (Reuters) - All but five U.S. cities will experience job losses this year, with New York suffering the largest decline, according to a forecast released by the U.S. Conference of Mayors on Saturday.

Global Insight, an international economic forecasting firm that put together the outlook for the mayors' group, projected that by the end of 2009 one-third of all metropolitan areas in the country would have experienced no overall job growth for the first decade of the century.

New York will likely shed 181,000 jobs this year, with more than 50,000 in the financial services industry alone, the firm said. Los Angeles will lose 164,000 jobs. Overall, 171 cities will see job losses in excess of 2 percent through 2009.

Unemployment rates will rise above 10 percent this year in 70 of the 363 metropolitan areas in the United States, Global Insight said.

Read more: http://www.reuters.com/article/newsOne/idUSTRE50H07I20090118

[napi21]

1. And they get PAID to come up with that ligical conclusion????

Everyone of us knew that already. Damn I wish somebody would pay ME for just thinking!

[Left Coast2020]

2. Bush and his oil buddies should pay our unemployment benefits.

[Dr.Phool]

4. Captain Obvious was elected as head of the Rocket Scientists Society.

[Brucie Kibbutz]

3. The government can afford to pay Blackwater

mercenaries six figure salaries. Funding unemployment for US citizens at home? That's pretty far down the list. It might just run out. Tough shit, I guess. Get used to it because, at the end of the day, both parties are going to take care of their corporate masters before they throw us any crumbs.
:patriot:

[Brazenly Liberal]

5. That's either the worst reporting ever or the worst editing ever.

"All but five U.S. cities will experience job losses this year..."

Which moron, the reporter or the editor, decided to run that story without any mention of the one thing every reader will want to know?

WHICH FIVE CITIES???????????????????

[fed_up_mother]

6. Yeah, but they don't say there are no stupid people!

WHICH FIVE CITIES?

[Justyce]

7. That's what I was going to post, who the hell wrote that

article & didn't bother mentioning which 5 cities... great reporting. :eyes:

[SammyWinstonJack]

8. Which five cities?

Guess that is on a 'need too know basis' and this reporter and or editor decided we don't need too know? :argh:

[DavidDvorkin]

11. I was looking for that information in the article

It would be sort of vaguely comforting if my city turned out to be one of those five. Sort of.

[blue_onyx]

12. The 5 cities are...

McAllen-Edinburg-Mission, TX
St. George, UT
Anchorage, AK
Ithaca, NY
Fairbanks, AK


U.S. Conference of Mayors had the report on their website. Employment in those 5 cities will remain pretty much unchanged. McAllen_Edinburg-Mission will have the biggest increased of a whole .8 percent. Two of the cities will have zero employment change (Ithaca and Fairbanks) and two will have a .1 increase (St. George and Anchorage).

http://usmayors.org/77thWinterMeeting/

[Brazenly Liberal]

13. Now see that?

Reuters should offer you a job.

PS: Thanks for the info! Much more useful than the original article. (not that I'd ever move to any of those cities)

[blue_onyx]

14. I am looking for a job, lol

The website had the report and it also had a "key findings" summary. The summary was pretty much the same as the Reuters article. I guess Reuters didn't want to do any work by looking at the actual report. They wouldn't have had to even read the report...they could have just looked at table listing cities in order of job loss.

You don't want to move to Anchorage or Fairbanks? Come on...if you did, you would have a wonderful woman as your governor. She so smart and is doing a great job (as evidenced by Alaska having not one but two of the cities not losing jobs). :sarcasm:



you're welcome for the info :)

[aggiesal]

9. And yet companies like Qualcomm will ...

continue to hire H1B visas, because they can't find "Qualified" engineers
here in the states.

[Optimistic]

10. Only one City will see more Jobs

Washington DC as there will be millions of Conservative yahoos blaming Obama for in Town for every problem in the History of the world

Until we get legislation stopping companies for outsourcing Jobs over seas we will see Unemployment rise to triple digits.