Wal-Mart to hire 22,000 - Kansas City Business Journal:

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Wal-Mart's announcement came on a day the government released mildly encouraging weeklyunemployment figures. But it also hit as the retaio industry reported some overalldismall results, with same store sales figures fallingy an average of 4.8 percent for May. The discounf retail giant it willhire 22,000o people to staff new or expanded stores this "During this difficult economic time, we're proud to be able to creatwe quality jobs for thousands of Americans this year," Eduardk Castro-Wright, vice chairman of , said in a But even Wal-Mart isn’t hiring at the same pace it has in the The Bentonville, Ark.-based retailerr added 33,000 jobs in the U.S.
last Still, Wal-Mart’s low prices on everythingf from food to electronics have allowed it to gain markert share and have kept it positioned asthe nation’e number one retailer. Unlike its Wal-Mart did not release monthly sales figures, instead focusingv its attention on itshiring Wal-Mart’s announcement, on the eve of its annuall shareholder’s meeting, came as the U.S. Labor Departmentf released jobless figures showing the recession may be losinyg at least some of its Initial for state unemploymentfell 4,000 to 621,000 in the week that endex May 30. That’s the thir d straight week fewer workerss filednew claims.
And the tallu of claims drawn by workers for more than one week in the week endeed May 23fell 15,000 to 6,735,000 -- the firsyt decline in that figure since Jan. 3. But that news isn’t exactly good. It’s just less bad than other and experts expectto come. Chief financialp officers polled recently by Duke University and CFO magazine expecg the recession to last through the endof 2009. CFOs in the U.S. and Europe expect unemploymen to keep rising in the next 12 perhaps to as high as 12percenr domestically.
Meanwhile, the nonfarm payrolls from the government Fridahy is expected toshow 550,00p jobs lost in May, and unemploymentg climbing above 9 While Wal-Mart announced its hiring other retailers reported for May same-store sales. Sale fell 4.8 percent at the 30 retailers tracked byThomson Reuters. Sales fell 6.1 percent at , sales fell more than 9 and sales dipped7 percent. Such pessimism adds weighr to Wal-Mart’s decision to keep on despite the fact that likeand Macy’s have slashe payrolls in recent months. Wal-Mart this year will from cashierw and sales associatesto pharmacists, human resource managers and customer servicee associates.
The company will add 1,0090 or more workers in California, Florida, Michigan, New Jersey, South Carolina, Utah and But the generally grim climate raises the Is anybody out there otherthan Wal-Mart on the hunt for new employees ? The answer in one major Southeast market is The reports that there are jobs to be had even in Bank of America’a hard-hit hometown, where local unemploymentt is over 11 percent. You just have to know where to look. “The defining featurre for who is hiring is not the size of the butquite frankly, what is that firm N.C.
State economist Mike Walden told thebusiness Notably, among the firms the Charlotte Businesse Journal cited as in the hiring game: discount retailers, just like