… cuts average about 18 workers per store. If that average is true for North Texas stores, about 360 jobs would be lost here.

Wal-Mart has already closed 10 Sam’s Club locations last year, including one Houston location causing 1,500 job losses. But some analysts claim that the job losses won’t have any impact on the local or national economy because workers will be hired by Shopper Events.  I think that may be an erroneous assumption.  First of all, for those who have experienced a …

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According to an article in the Dallas Morning News, Texas could lose nearly 300,000 jobs in 2009 with the unemployment rate hitting 8 percent. The article reported an announcement by Keith Phillips, a Dallas Fed economist who is predicting that the Texas job numbers could contract as much as much as the 3 percent drop seen during the bust of the 1980’s.

The article said:

“Unfortunately, it looks like it’s going to be pretty sharp based on the leading …

Permalink: /job_loss_unemployment/texas-predicted-to-lose-nearly-300000-jobs-in-2009/

… vacancy rates in shopping centers and the decline of the commercial real estate industry. These jobs are not being replaced in the near future. This is why it is critical that individuals prepare for a long, protracted period of high unemployment by reducing their debt. If you are facing a job loss, don’t wait until a year passes and you’re unable to replace your job, act now to find out how bankruptcy can help you protect your assets from a job loss or reduced income.

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… offer may sound generous. But what will happen to these workers once they can’t find replacement jobs? Many will face foreclosure and bankruptcy.

According to the memo from UAW Vice President General Holiefield to local presidents and other officials, the union negotiated for another round of offers at Chrysler due to conditions imposed on the company by the federal government in exchange for granting the loans.

The conditions require Chrysler and GM to make changes to their UAW …

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… week the House passed an $819 billion stimulus package in the hope that it will help create more jobs and slow the recession gripping the nation according to an article in the Dallas Morning News . Texas legislator Chet Edwards, who helped write the bill urged officials to pass the stimulus package because Texas is at risk of going bankrupt.

The article said:

"It’s important to pass this bill as soon as possible to keep Texas from facing the kind of economic devastation that …

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… job losses sweeping the country. How many of these unemployed workers will be able to find new jobs? What about the companies implementing the drastic job loss strategy? Will they survive or will at least some of them be devoured by bankruptcy ? Individual jobless workers who did not implement a financial strategy to protect their assets in case of a job loss will be in a very vulnerable position. It is important to consider bankruptcy as a part of your strategy in case you are faced with …

Permalink: /job_loss_unemployment/thousands-of-jobs-lost-and-more-job-losses-to-come-for-2009/

… and job loss rate. Here are a few of the highlights I found most intriguing:

The number of jobs created hasn’t always kept pace with the expanding number of people who want to work. Presidents don’t have much control over either the number of new jobs or the number of people looking for work.

This is a correct observation. Right now, jobs are contracting, meaning we are experiencing more job losses that we are job growth. More businesses are going bankrupt and completely …

Permalink: /job_loss_unemployment/can-president-obama-really-create-new-jobs/

… Obama is now proposing on his website an agenda of solutions designed to increase the number of jobs and give businesses an incentive to hire more workers using tax credits.

According to the Obama website :

Obama and Biden will provide a new temporary tax credit to companies that add jobs here in the United States. During 2009 and 2010, existing businesses will receive a $3,000 refundable tax credit for each additional full-time employee hired.

This is a good incentive for …

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… you are considering Chapter 7 bankruptcy and have several sources of income, including small side jobs or a part-time business, speak with a bankruptcy attorney to find out how this will affect your ability to pass the income/means test required for filing Chapter 7 bankruptcy.

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… who are no longer counted amongst the unemployed have either given up looking for work or found jobs that are part-time or temporary.

The average work week rose to 33.2 hours, from a record low of 33 hours…Temporary help services added 52,000 jobs, the fourth straight increase.

I don’t know about you but the last I checked, the average American needed to work at least 40 hours a week just to pay the bills.  Temporary and quasi-full-time jobs just don’t pay the bills.  And …

Tags: Bankruptcy Economy Jobs Temps Unemployment

… service companies in particular pay close attention to a person’s credit history because their jobs often involve employees handling large amounts of money, said Shank, who serves on the board of directors of a bank.”

And many employers are simply looking for a way to whittle down the vast number of applicants who are trying to find work after a job loss. For those Americans searching for a job and facing foreclosure, credit card defaults or who have recently filed bankruptcy, credit …

Tags: Dallas-Fort Worth Employment Jobs

The federal government’s deadline for the automakers has come and gone with GM announcing an additional 47,000 job losses. The job losses will include 10,000 salaried workers and 37,000 blue-collar positions which is around 19 percent of its 244,500 employee workforce, according to an article in the Star-Telegram . A total of 21,000 of those job losses will be in the United States. GM …

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