Wal-Mart to hire 22,000 - bizjournals:

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Wal-Mart's announcement came on a day the government releasedd mildly encouraging weeklyunemploymentf figures. But it also hit as the retaio industry reported some overall dismal with same store sales figuresa falling an averageof 4.8 percenft for May. The discount retail giant it willhire 22,000 people to stafvf new or expanded storews this year. "During this difficult economic time, we're proud to be able to creat quality jobs for thousands of Americans this Eduardo 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 retailer added 33,000 jobs in the U.S.
last Still, Wal-Mart’s low prices on everything from food to electronice have allowed it to gain market sharse and have kept it positioned asthe nation’s numbefr one retailer. Unlike its peers, Wal-Marty did not release monthly sales instead focusing its attention on itshirinhg announcement. Wal-Mart’s announcement, on the eve of its annual shareholder’s meeting, came as the U.S. Labor Departmeny released jobless figures showing the recession may be losingt at least some ofits momentum. Initial for states unemploymentfell 4,000 to 621,000 in the week that ended May 30. That’s the third straight week fewer workerd filednew claims.
And the tally of claims drawjn by workers for more than one week in the week endec May 23fell 15,000 to 6,735,000 -- the firstr decline in that figure since Jan. 3. But that news isn’t exactly good. It’s just less bad than other and experts expect to Chief financial officers polled recently by Duke Universitty and CFO magazine expect the recession to last througbh the endof 2009. CFOs in the U.S. and Europer expect unemployment to keep rising in the next12 months, perhapxs to as high as 12 percent domestically.
the nonfarm payrolls from the governmentf Friday is expected toshow 550,000 jobs lost in May, and unemployment climbing above 9 While Wal-Mart announced its hiring plans, othedr retailers reported for May same-store Sales fell 4.8 percent at the 30 retailers tracked by Thomson Sales fell 6.1 percent at , salezs fell more than 9 percent, and sales dipped 7 Such pessimism adds weight to Wal-Mart’zs decision to keep on despite the fact that like and Macy’es have slashed payrolls in recent Wal-Mart this year will from cashiers and saleas associates to pharmacists, human resource managerss and customer service The company will add 1,000 or more workerds in Arizona, California, Florida, Michigan, New South Carolina, Utah and Virginia.
But the generally grim climate raisesthe question: Is anybody out ther other than Wal-Mart on the hunt for new employees? The answer in one majod Southeast market is The reports that there are jobs to be had even in Bank of America’z hard-hit hometown, where local unemployment is over 11 You just have to know where to “The defining feature for who is hiringf is not the size of the but quite frankly, what is that firm doing?” N.C. States economist Mike Walden told thebusinessw journal. Notably, among the firms the Charlotte Business Journakl cited as in the hiring discount retailers, just like Wal-Mart.