Get Feng Shui tips, Jacksonville Florida real estate listings, homes for sale, pre-construction homes and relocation information from Will Vasana.
Jacksonville Florida real estate
Will Vasana Site Map
Bookmark This Site
Email Will Vasana
Free Real Estate Reports
Home Page About Will Vasana Find Homes For Buyers For Sellers Jacksonville Local Info Real Estate Resources

Jacksonville Florida Real Estate Blog

Get latest news and real estate development in Jacksonville, Florida. A real estate blog by Will Vasana, Realtor.

January 29, 2009

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

Bookmark and Share