Study: Jacksonville to Lose 22,300 Jobs
Jacksonville's job market will get slammed this year with an estimated 22,300 jobs expected to be lost by fourth quarter 2009, said a study released Jan. 19 by the U.S. Conference of Mayors.
Jacksonville’s unemployment rate is expected to reach 8.3 percent by fourth quarter 2009, a 1.6 point jump from 6.7 percent unemployment rate recorded in fourth quarter 2008.
The prospects for other areas of the state are even worse, with the Miami-Fort Lauderdale-Pompano Beach area predicted to lose 84,800 jobs, Tampa-St. Petersburg-Clearwater, 42,900, and Orlando, 27,700.
The New York area is expected to realize the largest job loss at 180,800.
The report expects all but five of 363 metro areas — Anchorage, Alaska, St. George, Utah, McAllen-Edinburg-Mission, Texas, Ithaca, N.Y. and Fairbanks, Alaska — to get hit by job losses.
Here's some headlines in the news this month:
- Starbucks will close another 300 underperforming stores in 2009.
- Auto Trader cuts sales force following sliding print sales for two of its automotive magazine titles.
- Target announces layoffs.
- Home Depot to cut 7,000 jobs, close Expo.
- Clear Channel to lay off 1,850 jobs.
- Bank of America to cut 4,000 in capital markets.
- Circuit City to shutter remaining stores.
- Citigroup loses $8.3B, splits company in two.
- Cummer Museum cuts staff.
- Tarragon files for Chapter 11.
- Nuvell Credit to close; layoffs coming.
Source: Jacksonville Business Journal
Jacksonville’s unemployment rate is expected to reach 8.3 percent by fourth quarter 2009, a 1.6 point jump from 6.7 percent unemployment rate recorded in fourth quarter 2008.
The prospects for other areas of the state are even worse, with the Miami-Fort Lauderdale-Pompano Beach area predicted to lose 84,800 jobs, Tampa-St. Petersburg-Clearwater, 42,900, and Orlando, 27,700.
The New York area is expected to realize the largest job loss at 180,800.
The report expects all but five of 363 metro areas — Anchorage, Alaska, St. George, Utah, McAllen-Edinburg-Mission, Texas, Ithaca, N.Y. and Fairbanks, Alaska — to get hit by job losses.
Here's some headlines in the news this month:
- Starbucks will close another 300 underperforming stores in 2009.
- Auto Trader cuts sales force following sliding print sales for two of its automotive magazine titles.
- Target announces layoffs.
- Home Depot to cut 7,000 jobs, close Expo.
- Clear Channel to lay off 1,850 jobs.
- Bank of America to cut 4,000 in capital markets.
- Circuit City to shutter remaining stores.
- Citigroup loses $8.3B, splits company in two.
- Cummer Museum cuts staff.
- Tarragon files for Chapter 11.
- Nuvell Credit to close; layoffs coming.
Source: Jacksonville Business Journal