According to an article in the Star-Telegram, business inventories fell by the largest amount in 17 years increasing fears of more drastic job losses . The article said: On Tuesday, the Commerce Department reported that wholesale inventories - goods held by distributors that generally buy from manufacturers and sell to retailers - fell 1.4 percent [...]

After disappointing sales number over the Holiday season, Wal-Mart announced 700 - 800 job losses at its headquarters in an effort to cut back and increase profits. An article in Talking Retail quoted David Tovar, a spokesman for Wal-Mart: Marketing and support administration jobs are likely to be affected by the changes but retail jobs [...]

General Motors Corp. (GM) announced that it will implement another 10,000 salaried job losses this year in efforts to save the company from bankruptcy and meet government requirements for viability. The Detroit-based automaker's job losses will slash the company's U.S.-based white-collar workers by 12 percent. Most of the cuts will take place by May 2009. [...]

There's an interesting article at Star-Telegram that explores the ramifications of couples who work at the same company during this recession. The article said: As layoffs mount across the country and in all sectors, couples who are co-workers are increasingly vulnerable to losing their families' twin sources of income at once. The lack of variety [...]

According to an article in the Star-Telegram, many auto-parts suppliers are close to running out of money and facing bankruptcy as the auto industry is hit hard by slumping sales and the credit crunch. The article said: Two trade groups, the Original Equipment Suppliers Association and the Motor & Equipment Manufacturers Association, are talking with [...]

According to an article in the Dallas Morning News the Dallas-based 7-Eleven Inc. will implement 200 job losses and suspend 401(k) contributions in an effort to minimize further job losses. The job losses won't affect the actual stores but will affect workers in the corporate and other non-store operations. The company is also suspending merit [...]

According to an article in the Star-Telegram, the Labor Department released revised unemployment figures stating that 626,000 newly unemployed workers are seeking unemployment insurance benefits. That figure is up from the previous report of 591,000 unemployed workers seeking unemployment insurance benefits. The new workers who have experienced job losses brings the total number of Americans [...]

According to an article in the Star-Telegram, Pier 1 Imports announced that it will experience job losses , cutting about 10 percent of the full-time jobs at its headquarters, distribution centers and field administration. Pier 1 Imports also announced that it will close an Illinois distribution center and may close up to 125 "underperforming" stores [...]

According to an article in the Star-Telegram, General Motors and Chrysler are desperately attempting to shed union workers from the payroll and eventually replace them with lower paid labor as they attempt to stave off bankruptcy. The automakers are attempting to buyout union workers and/or encourage early retirement as they attempt to meet government requirements [...]

In December 2008, the number of Texans on food stamps jumped by 30.9 percent the biggest increase in the nation, placing Texas as the state with the fastest growing number of people receiving food stamps in the nation. That's a huge number of Texans falling on hard times. And as the number of job losses [...]