The unemployment rate in Rhode Island is already over 10%. This has already just started. I expect to see 20% before this thing peaks in 3 more years.
what type of jobs where predominantly lost in RI?
in the boston area are certainly a lot of jobs lost as well but i somehow don't know anyone who lost his/her job. i also don't see any effects of the downturn yet, shops are still crowded, apple stores sell stuff like crazy, traffic during rush hour is still bad. i just hope i keep my job for the next two years. after that i think the job market will get better.