According to an article in the Dallas Morning News, over 1.8 million senior citizens are searching for work but can't find it in this economy. And for those who do have jobs, more than 26 million senior citizens are delaying or completely foregoing retirement due to battered 401(k)s, missing pensions and devalued homes.  And for [...]

According to an article in the Star-Telegram, General Motors and Chrysler worked overtime to convince skeptical lawmakers on Wednesday that shedding dealerships, despite the job losses it will cause, is a necessary evil.  The automakers, currently in bankruptcy, say that if they don't close unprofitable dealerships and implement job losses that may not survive. The [...]

According to an article in the Star-Telegram, there are more empty retail spaces in the Dallas-Fort Worth as the rising number of job losses takes its toll on consumer spending. The article said: Shopping center occupancy slipped 1.4 percentage points in the first quarter to 84.3 percent, the lowest level this market has seen in [...]

There are many people out there who believe that debtors have a moral obligation to repay debt no matter what--illness, destitution, job loss or other crisis. Although, I respect the beliefs of others, I don't think this argument is sound.  The laws of this country are designed to forgive the debts of individuals and businesses [...]

According to an article in the Dallas Morning News, Texas employers experienced 39,500 job losses in April, as job losses in the state continues to rise.  The state's unemployment rate is currently 6.7 percent, far below the nationwide unemployment rate of 8.9 percent.  However, with an unemployment rate of 6.6 percent, Dallas-Fort Worth has the [...]

There is a must read article in the Star-Telegram that shares the stories of ordinary Americans who suffered job losses and eventually became homeless.  One particular story stood out, about a woman who became homeless after losing her job as a certified nursing assistant. The article said: "I never expected this," said McGregor, who is [...]

With a rising number of corporate bankruptcies, many American workers are facing job losses and reduced pay and benefits.  But one of the benefits that corporate bankruptcy threatens is retirement funds mostly in the form of a pension or 401(k).  There's an interesting editorial in the Star-Telegram that calls for the "renegotiation" of how retirement [...]

According to an article in the Dallas Morning News, the number of job losses rose and pushed the number of new unemployment benefits claims up to 637,000. Currently the new nationwide unemployment rate at 8.9 percent. The article said: A department analyst said most of the increase was due to auto layoffs. Economists estimate Chrysler [...]

According to an article in the Dallas Morning News, retails sales showed a disappointing decline for the second month straight in Aprils as the nation's job losses continues to grow. The article said: The Commerce Department said Wednesday that retail sales fell 0.4 percent last month. Many economists had expected a flat reading, and the [...]

According to an article in the Star-Telegram, the number of newly unemployed workers signing up for unemployment benefits have declined; but the overall number of people continuing to receive unemployment benefits has increased. The article said: The number of newly laid-off workers signing up for unemployment benefits dropped unexpectedly last week, but the number of [...]