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Tanking finance sector puts NYC at top of job loss list

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in Human Resources

According to a forecast by the U.S. Conference of Mayors, New York City will lead the nation in job losses in 2009. The Big Apple is expected to lose about 181,000 jobs this year—most of which can be attributed to the collapse of the city’s financial sector.

However, there’s better news upstate. Ithaca made the mayors’ list of 363 metropolitan areas nationwide that can expect to see employment remain at 2008 levels, and maybe even rise modestly.

With the ranks of out-of-work New Yorkers rising to almost unprecedented levels, the state is having trouble keeping up with demand for unemployment services. Unemployed people must log onto the state’s web-enabled computer system to file and update claims. Traffic was so high recently that the servers that power the unemployment system temporarily crashed.

North Carolina and Ohio suffered similar service outages.

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