london-0209.jpgClearly, the financial crisis has pummeled both [New York and London]. Major banks have collapsed, and others are expected to require more infusions of taxpayer cash if they are to survive. London and New York share an unemployment rate—7.4%—that is only expected to climb as financial services jobs disappear by the tens of thousands and the loss reverberates in the broader economy…By many measures—the state of its financial markets, home prices, jobs and economic diversity—the British capital has fallen further…Another key component, the housing markets, exploded in both cities in recent years. Though London’s bubble has burst, New York’s has just deflated.” — Crain’s


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  1. bxgrl, I was at unemployment last week, too – were you sitting next to me in Room 3?! ; )

    Did you talk to Peter Andrews? That guy is a doll! What a great ‘people person’! He told me that they couldn’t do much for me, which was expected, but the delivery was so…so…so pleasant!

  2. “I don’t know what line of work you are in, but have you tried a headhunter or other job seeking service yet?”

    Yes, I’m working with several, I have a pretty extensive list of others, too. Unfortunately, most of my experience is in working with or for companies which are directly effected by this downturn – Banks, Corporate Law or design firms that do work for them. That said, I’m applying for jobs in other categories, something will turn up. I’ve been through this before 92/93 and found work then, I can find it now. It just may not be precisely what I have been doing. And yes, if I can get to an interview I can usually do very well. The feedback on my resume is very good. It’s just getting the interview…

  3. I was at unemployment last week- the counselor was a sweetheart who basically told me to enjoy the time off- my hearing is a big issue. I can’t function in an office environment, can’t deal with phones and forget group conversations.At this point I am limited to working remotely, which was why my last job was so perfect for me. SO I’m gasping for air- do you have a spare oxygen tank?

  4. Cobblehiller:

    I don’t know what line of work you are in, but have you tried a headhunter or other job seeking service yet?

    My two friends used them to get work, and found them very helpful. They definitely got them interviews, which seems to be the hard part.

  5. “When I’m really gasping for air I try to remember that 7+% unemployment is still 93% employed (please- don’t anyone disillusion me. I’m gasping for air this morning).”

    You and me both bxgrl. I had a nice little anxiety attack at 8am – or maybe it was too much coffee…either way…it’s no fun.

    The work will come. Say it with me…”I will find work, I will find work”.

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