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Good news, sort of: Twin Cities job loss forecast is modest compared to other US metro areas

Over the weekend the US Conference of Mayors released a report that projects job losses in metro areas across the country, and the Twin Cities seem like a paragon of economic health. Comparatively speaking, that is.

That’s because the mayors’ report is only seeing 14,000 jobs disappear here in 2009, a decline of 0.8 percent–making our metro one of few in the US to keep projected job contraction from exceeding 1 percent. (In New York, that figure is 2.1 percent; Miami, 3.6; LA, 3.0; Chicago, 1.8.)

The full report, prepared by IHS Global Insight–the same outfit that does economic projections for the state of Minnesota–is here (PDF).

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