According to an article in the Star-Telegram, military cuts proposed by Defense Secretary Robert Gates may send more Dallas-Fort Worth workers to the unemployment line. The article said: High on the list of military procurement programs that Gates wants to kill is Boeing's giant, nimble and $180 million C-17 Globemaster III cargo plane, a big [...]

With the unemployment rate at 8.5 percent, many Americans are wondering what they should do if they suffer a job loss and can no longer pay their debts. Well, what you SHOULD NOT do is ignore your creditors. I repeat, do not ignore your creditors, instead, send them a letter explaining to them that you [...]

In the 1st quarter of 2009, 308,530 debtors filed bankruptcy, that's a 35% increase from 2008. In March alone, 121,413 debtors filing Bankruptcy a whooping 45 percent increase from 2008. But debtors filing bankruptcy is not an event happening in a vacuum, it is being pushed by the number of job losses affecting millions of [...]

According to an article in the Dallas Morning News, the national unemployment rate could surpass 10 percent by the end of 2009. The article quoted Dallas Fed Chief Richard Fisher: "I expect the unemployment rate to continue rising to a level that could surpass 10 percent by year-end," he says in the advance text of [...]

According to an article in the Star-Telegram, American Airlines has frozen pay for 19,000 nonunion employees to avoid more job losses amid a steep drop in travel demand. The article said: "The current economic recession has left organizations across the country facing unprecedented decisions about business, workforce, spending and overall operations," Jeff Brundage, American's senior [...]

According to an article in Dallas Morning News, the nation's unemployment rate jumped to 8.5 percent in March, the highest since 1983. Employers shed over 663,000 jobs during March, in their efforts to stop the financial bleeding. But it's not just workers facing job losses who are suffering many Americans are being forced to take [...]

According to an article in the Dallas Morning News, Texas experienced 46,100 non-farm jobs in February sending the unemployment rate upwards to 6.5 percent. Nationwide the unemployment rate is 8.1 percent and the unemployment rate in the Dallas-Fort Worth area is 6.9 percent. The article said: "Texans are facing tough economic times now with significant [...]

According to an article in the Star-Telegram, General Motors Corp. which is facing the possibility of bankruptcy, has begun implementing white-collar job losses as of Tuesday. On Tuesday, GM laid off 160 workers at its manufacturing engineering operations. Over 3,400 salaried job losses are planned for GM's U.S. operations. These scheduled job losses are part [...]

According to an article in the Star-Telegram, the unemployment rate rose in January 2009 in 99.7 percent of cities tracked by the Labor Department. By comparison, in January 2008 unemploymentt rose in only 63 percent of the cities tracked. And the economy continues to sour as the high number of job losses is expected to [...]

According to an article in the Temple Daily Telegram Texas Hydraulics is implementing another 117 job losses in both office staff and machinist positions. The total number of job losses for Texas Hydraulics has reached 161 since it cut another 44 employees in January. The article said: "Really, this action is driven by the current [...]