I live and work near the city of Chicago. I grew up here, and I love the city. There’s a ton of things to do here, a diverse population and some amazing architecture.
Unfortunately, my hometown is in for some serious hurt in 2009 when it comes to job losses.
And Chicago isn’t alone. Other top cities, such as New York City and Los Angeles, are poised to lose even more jobs in 2009.
This grim news comes from a forecast by the U.S. Conference of Mayors. According to the forecast, only five metropolitan areas in the United States will not see job losses this year. If you live in a metropolitan area you better brace yourself for the very real possibility that you — or at least someone you know — will be out of work at some point this year.
Hardest hit will be New York City, expected to lose 181,000 jobs in 2009. The Los Angeles area will lose about 164,000 jobs, while Miami should lose about 85,000. Chicago comes next with 80,000 expected lost jobs.
Of course, the problem is, there aren’t nearly enough replacement jobs for all these out-of-work employees.
Today, the nation witnessed the swearing-in of new president Barack Obama. He’s received high marks for the work he’s done during the transition period. Let’s hope that he and his administration can help boost our economy and get people back to work.