LayoffBlog.com

January 29, 2009

Cuts May Lead to Layoffs for 15,000 NYC Teachers

Thousands of New York City teachers may be forced to learn a harsh lesson in economics, if the state and city decide to follow through with proposed education budget cuts.

Chancellor Joel Klein told state lawmakers that some 15,000 jobs may be lost if proposed cuts — $700 million in state aid and a $500 million in city funding — slash the education budget.

Source: 1010 WINS

January 19, 2009

Most cities to suffer job losses.

Only five metropolitan areas in the U.S. will escape job losses this year, according to a forecast released Saturday by the U.S. Conference of Mayors.

New York is expected to take the biggest hit as thousands of jobs are lost on Wall Street. The New York area is expected to lose 181,000 jobs in 2009, the report said. Consulting company IHS Global Insight produced the report for the group.

The Los Angeles area is expected to see 164,000 lost jobs, in part because of the huge drop in home prices that has punctured the California economy. Miami area is expected to lose 85,000 jobs and Chicago and the surrounding area are next, with losses projected at 80,000.

Ithaca, N.Y.; Fairbanks, Alaska; and St. George, Utah, are among the handful of the nation’s 363 metropolitan areas expected to see employment remain flat or increase slightly.

Source: AP

November 24, 2008

New York May Lose 225,000 Jobs, Comptroller Says

According to Bloomberg: “New York may lose as many as 225,000 jobs and $6.5 billion in securities industry-related tax revenue over the two-year period ending in October 2009, state Comptroller Thomas P. DiNapoli said.

In a report published today, he predicted financial- industry job losses may total 38,000 by October, with 10,000 more jobs lost in banking, insurance and real estate. Those losses could spread throughout the private sector, taking out as many as 225,000 positions statewide, he said. “

Blog at WordPress.com.