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 , 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.
- Common small-company confusion: believing FMLA applies to them
- Keep hiring as objective as possible -- and beware loose criteria that could let in bias
- Good faith--not perfection--is standard for deciding if wrongdoing calls for discipline
- When does 'religious expression' cross the line?
- Use encouraging, fair—and honest—appraisals when coaching newly promoted employees