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Mayors’ forecast: Miami job losses among nation’s worst

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in Hiring,HR Management,Human Resources,Leaders & Managers,Management Training

According to a forecast by the U.S. Conference of Mayors, the Miami area will suffer some of the largest job losses in the nation in 2009. Miami is expected to lose about 85,000 jobs this year.

The city’s unemployment rate may exceed 10%.

Many HR professionals seem to share the mayors’ pessimism.

According to a survey conducted by the Society for Human Resource Management, 73% of 400 HR professionals surveyed were either pessimistic or very pessimistic about job growth in 2009.

Those in the Southeast were less pessimistic than those in the Northeast (69% versus 82%)

On the other hand, about 23% of those surveyed said they expect their companies to do at least some hiring in the first quarter of 2009.

Final note: One silver lining to the job loss cloud is that employers that actually have openings may be able to choose the best of the best from a pool of qualified applicants.

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