The First Bankrupt Trump: Bankruptcy-related job losses are rising at rates not seen since 2009

[Denizen]

Bankruptcies are on the rise which is Trump's modus operandi.

"The number of retail store closures in the first seven months of the year has exceeded the total number last year, according to Coresight Research data". Doubling year-on-year of retail store closures is possible by the end of 2019.

USA national debt as rapidly approaching $23 trillion and eventually, the debt will receive positive feedback when interest on the debt rises as government tax revenue falls with an oncoming recession.

The coming recession will be impossible to mitigate because Trump and the GOP have gifted tax cuts to the rich when the USA should have been taxing more to pay off the debt.

Trump has rolled the dice in applying Trump failed casino strategies to the management of the US government and the house is losing.

Bankruptcy-related job losses are rising at rates not seen since 2009, invoking bad memories of the Great Recession

Bankruptcy-related job losses are rising at rates not seen since 2009, invoking bad memories of the Great Recession
Published: Aug 7, 2019 8:55 a.m. ET

In the first seven months of the year, U.S.-based companies announced 42,937 job cuts due to bankruptcy, up 40% on the same period last year

Barneys New York filed for Chapter 11 bankruptcy protection Tuesday.

By
QUENTIN
FOTTRELL
PERSONAL FINANCE EDITOR

The recent spate of bankruptcies in corporate America is taking its toll.
In the first seven months of the year, U.S.-based companies announced 42,937 job cuts due to bankruptcy, up 40% on the same period last year and nearly 20% higher than all bankruptcy-related job losses last year, a report released Tuesday concluded. Despite record-low unemployment, bankruptcy filings have not claimed this many jobs since the Great Recession.

‘It is the highest seven-month total since 2009 when 50,258 cuts due to bankruptcy were announced.’
“It is the highest seven-month total since 2009 when 50,258 cuts due to bankruptcy were announced,” according to the report by outplacement and business coaching firm Challenger, Gray & Christmas. “In fact, it is higher than the annual totals for bankruptcy cuts every year since 2009, when 50,911 were announced for the entire year.”

Companies cited bankruptcy as the reason for 11.6% of all job cuts announced from January to July. That’s compared to 11.3% of all cuts for the same period in 2018. Since 2007, bankruptcy has accounted for approximately 6% of all job cuts every year. The Challenger report tracks planned job cuts publicly announced by U.S.-based employers.

These job losses are gleaned from news reports, company filings with the Securities and Exchange Commission, annual reports, company press releases and, where possible, state Worker Adjustment and Retraining Notification (WARN) reports. Regardless of when the job losses actually occur, they are counted in the month they are announced.

Don’t miss: The ‘best job in America’ pays over $108,000 a year — and has a high number of openings
Most of these job losses were in the retail sector. Barneys New York said Tuesday it had filed for Chapter 11 bankruptcy protection. Analysts cite competition from online retailers like Amazon AMZN, -1.11% and eBay EBAY, -0.45% and rising real-estate costs. The company’s landmark Madison Avenue store will remain open; the company secured $75 million in financing to pay employees and vendors.

The number of retail store closures in the first seven months of the year has exceeded the total number last year.

Consumer spending rose 0.3% in June, in line with a forecast of economists polled by MarketWatch. U.S. consumers didn’t spend as much in June as they did in the previous three months, but incomes rose solidly for the fifth month in a row and an already strong savings rate edged even higher. The savings rate edged up to 8.1% from 8%, near a three-year high.

The number of retail store closures in the first seven months of the year has exceeded the total number last year, according to Coresight Research data cited by the Associated Press. Coresight expects 12,000 stores will be closed this year: So far this year, 7,567 retail stores have closed their doors versus 5,864 for all of last year. (Barneys employs approximately 1,400 people.)

There was a 5% monthly increase in total bankruptcy filings in July 2019, the American Bankruptcy Institute announced in a separate report released Monday. There were 64,283 bankruptcy filings, up from 62,241 for the same period last year. And there were roughly 1,000 more consumer bankruptcies by July, compared to the same period last year.

Alabama had the highest per capita rate, with 5.61 filings per 1,000 people, followed by Tennessee (5.39), Georgia (4.31), Mississippi (4.25) and Nevada (3.79). Last year, there were more than 770,000 bankruptcy filings — a legal process that gives financially strapped debtors a fresh start while also paying their creditors — down from 1.6 million in 2010.

The number of job openings, meanwhile, held steady at 7.3 million on the last business day of June, the U.S. Bureau of Labor Statistics said Tuesday. Over the month, hires and separations were also relatively flat at 5.7 million and 5.5 million, respectively. Within separations, the quits rate was unchanged at 2.3%, and the layoffs and discharges rate was also little changed at 1.1%.

 

[JGalt]

An increase in bankruptcies is only a sign that that there is an increased amount of business being conducted.

Didn't anyone teach you anything about business, economics, and competition?

 

[LeftofLeft]

Bankruptcies are on the rise which is Trump's modus operandi.

"The number of retail store closures in the first seven months of the year has exceeded the total number last year, according to Coresight Research data". Doubling year-on-year of retail store closures is possible by the end of 2019.

USA national debt as rapidly approaching $23 trillion and eventually, the debt will receive positive feedback when interest on the debt rises as government tax revenue falls with an oncoming recession.

The coming recession will be impossible to mitigate because Trump and the GOP have gifted tax cuts to the rich when the USA should have been taxing more to pay off the debt.

Trump has rolled the dice in applying Trump failed casino strategies to the management of the US government and the house is losing.

Bankruptcy-related job losses are rising at rates not seen since 2009, invoking bad memories of the Great Recession

Bankruptcy-related job losses are rising at rates not seen since 2009, invoking bad memories of the Great Recession
Published: Aug 7, 2019 8:55 a.m. ET

In the first seven months of the year, U.S.-based companies announced 42,937 job cuts due to bankruptcy, up 40% on the same period last year

Barneys New York filed for Chapter 11 bankruptcy protection Tuesday.

By
QUENTIN
FOTTRELL
PERSONAL FINANCE EDITOR

The recent spate of bankruptcies in corporate America is taking its toll.
In the first seven months of the year, U.S.-based companies announced 42,937 job cuts due to bankruptcy, up 40% on the same period last year and nearly 20% higher than all bankruptcy-related job losses last year, a report released Tuesday concluded. Despite record-low unemployment, bankruptcy filings have not claimed this many jobs since the Great Recession.

‘It is the highest seven-month total since 2009 when 50,258 cuts due to bankruptcy were announced.’
“It is the highest seven-month total since 2009 when 50,258 cuts due to bankruptcy were announced,” according to the report by outplacement and business coaching firm Challenger, Gray & Christmas. “In fact, it is higher than the annual totals for bankruptcy cuts every year since 2009, when 50,911 were announced for the entire year.”

Companies cited bankruptcy as the reason for 11.6% of all job cuts announced from January to July. That’s compared to 11.3% of all cuts for the same period in 2018. Since 2007, bankruptcy has accounted for approximately 6% of all job cuts every year. The Challenger report tracks planned job cuts publicly announced by U.S.-based employers.

These job losses are gleaned from news reports, company filings with the Securities and Exchange Commission, annual reports, company press releases and, where possible, state Worker Adjustment and Retraining Notification (WARN) reports. Regardless of when the job losses actually occur, they are counted in the month they are announced.

Don’t miss: The ‘best job in America’ pays over $108,000 a year — and has a high number of openings
Most of these job losses were in the retail sector. Barneys New York said Tuesday it had filed for Chapter 11 bankruptcy protection. Analysts cite competition from online retailers like Amazon AMZN, -1.11% and eBay EBAY, -0.45% and rising real-estate costs. The company’s landmark Madison Avenue store will remain open; the company secured $75 million in financing to pay employees and vendors.

The number of retail store closures in the first seven months of the year has exceeded the total number last year.

Consumer spending rose 0.3% in June, in line with a forecast of economists polled by MarketWatch. U.S. consumers didn’t spend as much in June as they did in the previous three months, but incomes rose solidly for the fifth month in a row and an already strong savings rate edged even higher. The savings rate edged up to 8.1% from 8%, near a three-year high.

The number of retail store closures in the first seven months of the year has exceeded the total number last year, according to Coresight Research data cited by the Associated Press. Coresight expects 12,000 stores will be closed this year: So far this year, 7,567 retail stores have closed their doors versus 5,864 for all of last year. (Barneys employs approximately 1,400 people.)

There was a 5% monthly increase in total bankruptcy filings in July 2019, the American Bankruptcy Institute announced in a separate report released Monday. There were 64,283 bankruptcy filings, up from 62,241 for the same period last year. And there were roughly 1,000 more consumer bankruptcies by July, compared to the same period last year.

Alabama had the highest per capita rate, with 5.61 filings per 1,000 people, followed by Tennessee (5.39), Georgia (4.31), Mississippi (4.25) and Nevada (3.79). Last year, there were more than 770,000 bankruptcy filings — a legal process that gives financially strapped debtors a fresh start while also paying their creditors — down from 1.6 million in 2010.

The number of job openings, meanwhile, held steady at 7.3 million on the last business day of June, the U.S. Bureau of Labor Statistics said Tuesday. Over the month, hires and separations were also relatively flat at 5.7 million and 5.5 million, respectively. Within separations, the quits rate was unchanged at 2.3%, and the layoffs and discharges rate was also little changed at 1.1%.

Quit complaining about the debt. You know damn well that when Democrats get back in power, tax cuts are going away and debt and debt ceiling will continue to rise. What is still missing? Spending cuts. You people refuse to entertain spending cuts of any magnitude or significance.

Your post does not provide any solution. It is simply a class warfare call.

 

[EvilCat Breath]

Business is suffering from at least two weapons. One is the internet and increased cybershopping. The other is raising the minimum wage beyond the ability of a small business to pay. Neither of which has anything to do with Trump.

 

[SassyIrishLass]

Retail is getting shellacked by online. Hardly a key indicator

 

[Dekster]

LOL. If retail stores going under is your biggest complaint, then what do we do---outlaw Amazon? Put a 30% tax on online sales. Do tell...

 

[Harpy Eagle]

Business is suffering from at least two weapons. One is the internet and increased cybershopping. The other is raising the minimum wage beyond the ability of a small business to pay. Neither of which has anything to do with Trump.

You forgot a 3rd thing...Trump's Trade war

 

[EvilCat Breath]

Business is suffering from at least two weapons. One is the internet and increased cybershopping. The other is raising the minimum wage beyond the ability of a small business to pay. Neither of which has anything to do with Trump.

You forgot a 3rd thing...Trump's Trade war

Has nothing to do with these bankruptcies. Barneys just filed bankruptcy. Trade war isn't even mentioned.

 

[Thinker101]

Bankruptcies are on the rise which is Trump's modus operandi.

"The number of retail store closures in the first seven months of the year has exceeded the total number last year, according to Coresight Research data". Doubling year-on-year of retail store closures is possible by the end of 2019.

USA national debt as rapidly approaching $23 trillion and eventually, the debt will receive positive feedback when interest on the debt rises as government tax revenue falls with an oncoming recession.

The coming recession will be impossible to mitigate because Trump and the GOP have gifted tax cuts to the rich when the USA should have been taxing more to pay off the debt.

Trump has rolled the dice in applying Trump failed casino strategies to the management of the US government and the house is losing.

Bankruptcy-related job losses are rising at rates not seen since 2009, invoking bad memories of the Great Recession

Bankruptcy-related job losses are rising at rates not seen since 2009, invoking bad memories of the Great Recession
Published: Aug 7, 2019 8:55 a.m. ET

In the first seven months of the year, U.S.-based companies announced 42,937 job cuts due to bankruptcy, up 40% on the same period last year

Barneys New York filed for Chapter 11 bankruptcy protection Tuesday.

By
QUENTIN
FOTTRELL
PERSONAL FINANCE EDITOR

The recent spate of bankruptcies in corporate America is taking its toll.
In the first seven months of the year, U.S.-based companies announced 42,937 job cuts due to bankruptcy, up 40% on the same period last year and nearly 20% higher than all bankruptcy-related job losses last year, a report released Tuesday concluded. Despite record-low unemployment, bankruptcy filings have not claimed this many jobs since the Great Recession.

‘It is the highest seven-month total since 2009 when 50,258 cuts due to bankruptcy were announced.’
“It is the highest seven-month total since 2009 when 50,258 cuts due to bankruptcy were announced,” according to the report by outplacement and business coaching firm Challenger, Gray & Christmas. “In fact, it is higher than the annual totals for bankruptcy cuts every year since 2009, when 50,911 were announced for the entire year.”

Companies cited bankruptcy as the reason for 11.6% of all job cuts announced from January to July. That’s compared to 11.3% of all cuts for the same period in 2018. Since 2007, bankruptcy has accounted for approximately 6% of all job cuts every year. The Challenger report tracks planned job cuts publicly announced by U.S.-based employers.

These job losses are gleaned from news reports, company filings with the Securities and Exchange Commission, annual reports, company press releases and, where possible, state Worker Adjustment and Retraining Notification (WARN) reports. Regardless of when the job losses actually occur, they are counted in the month they are announced.

Don’t miss: The ‘best job in America’ pays over $108,000 a year — and has a high number of openings
Most of these job losses were in the retail sector. Barneys New York said Tuesday it had filed for Chapter 11 bankruptcy protection. Analysts cite competition from online retailers like Amazon AMZN, -1.11% and eBay EBAY, -0.45% and rising real-estate costs. The company’s landmark Madison Avenue store will remain open; the company secured $75 million in financing to pay employees and vendors.

The number of retail store closures in the first seven months of the year has exceeded the total number last year.

Consumer spending rose 0.3% in June, in line with a forecast of economists polled by MarketWatch. U.S. consumers didn’t spend as much in June as they did in the previous three months, but incomes rose solidly for the fifth month in a row and an already strong savings rate edged even higher. The savings rate edged up to 8.1% from 8%, near a three-year high.

The number of retail store closures in the first seven months of the year has exceeded the total number last year, according to Coresight Research data cited by the Associated Press. Coresight expects 12,000 stores will be closed this year: So far this year, 7,567 retail stores have closed their doors versus 5,864 for all of last year. (Barneys employs approximately 1,400 people.)

There was a 5% monthly increase in total bankruptcy filings in July 2019, the American Bankruptcy Institute announced in a separate report released Monday. There were 64,283 bankruptcy filings, up from 62,241 for the same period last year. And there were roughly 1,000 more consumer bankruptcies by July, compared to the same period last year.

Alabama had the highest per capita rate, with 5.61 filings per 1,000 people, followed by Tennessee (5.39), Georgia (4.31), Mississippi (4.25) and Nevada (3.79). Last year, there were more than 770,000 bankruptcy filings — a legal process that gives financially strapped debtors a fresh start while also paying their creditors — down from 1.6 million in 2010.

The number of job openings, meanwhile, held steady at 7.3 million on the last business day of June, the U.S. Bureau of Labor Statistics said Tuesday. Over the month, hires and separations were also relatively flat at 5.7 million and 5.5 million, respectively. Within separations, the quits rate was unchanged at 2.3%, and the layoffs and discharges rate was also little changed at 1.1%.

Yep, kinda missed the part in the link claiming Trump or his policies had anything to do with the bankruptcies. Although the article did specify:
Most of these job losses were in the retail sector. Barneys New York said Tuesday it had filed for Chapter 11 bankruptcy protection. Analysts cite competition from online retailers like Amazon and eBay and rising real-estate costs. The company’s landmark Madison Avenue store will remain open; the company secured $75 million in financing to pay employees and vendors.
But what the hell, you go ahead and jump to any conclusion you'd like...dumbass.

 

[Claudette]

Bankruptcies are on the rise which is Trump's modus operandi.

"The number of retail store closures in the first seven months of the year has exceeded the total number last year, according to Coresight Research data". Doubling year-on-year of retail store closures is possible by the end of 2019.

USA national debt as rapidly approaching $23 trillion and eventually, the debt will receive positive feedback when interest on the debt rises as government tax revenue falls with an oncoming recession.

The coming recession will be impossible to mitigate because Trump and the GOP have gifted tax cuts to the rich when the USA should have been taxing more to pay off the debt.

Trump has rolled the dice in applying Trump failed casino strategies to the management of the US government and the house is losing.

Bankruptcy-related job losses are rising at rates not seen since 2009, invoking bad memories of the Great Recession

Bankruptcy-related job losses are rising at rates not seen since 2009, invoking bad memories of the Great Recession
Published: Aug 7, 2019 8:55 a.m. ET

In the first seven months of the year, U.S.-based companies announced 42,937 job cuts due to bankruptcy, up 40% on the same period last year

Barneys New York filed for Chapter 11 bankruptcy protection Tuesday.

By
QUENTIN
FOTTRELL
PERSONAL FINANCE EDITOR

The recent spate of bankruptcies in corporate America is taking its toll.
In the first seven months of the year, U.S.-based companies announced 42,937 job cuts due to bankruptcy, up 40% on the same period last year and nearly 20% higher than all bankruptcy-related job losses last year, a report released Tuesday concluded. Despite record-low unemployment, bankruptcy filings have not claimed this many jobs since the Great Recession.

‘It is the highest seven-month total since 2009 when 50,258 cuts due to bankruptcy were announced.’
“It is the highest seven-month total since 2009 when 50,258 cuts due to bankruptcy were announced,” according to the report by outplacement and business coaching firm Challenger, Gray & Christmas. “In fact, it is higher than the annual totals for bankruptcy cuts every year since 2009, when 50,911 were announced for the entire year.”

Companies cited bankruptcy as the reason for 11.6% of all job cuts announced from January to July. That’s compared to 11.3% of all cuts for the same period in 2018. Since 2007, bankruptcy has accounted for approximately 6% of all job cuts every year. The Challenger report tracks planned job cuts publicly announced by U.S.-based employers.

These job losses are gleaned from news reports, company filings with the Securities and Exchange Commission, annual reports, company press releases and, where possible, state Worker Adjustment and Retraining Notification (WARN) reports. Regardless of when the job losses actually occur, they are counted in the month they are announced.

Don’t miss: The ‘best job in America’ pays over $108,000 a year — and has a high number of openings
Most of these job losses were in the retail sector. Barneys New York said Tuesday it had filed for Chapter 11 bankruptcy protection. Analysts cite competition from online retailers like Amazon AMZN, -1.11% and eBay EBAY, -0.45% and rising real-estate costs. The company’s landmark Madison Avenue store will remain open; the company secured $75 million in financing to pay employees and vendors.

The number of retail store closures in the first seven months of the year has exceeded the total number last year.

Consumer spending rose 0.3% in June, in line with a forecast of economists polled by MarketWatch. U.S. consumers didn’t spend as much in June as they did in the previous three months, but incomes rose solidly for the fifth month in a row and an already strong savings rate edged even higher. The savings rate edged up to 8.1% from 8%, near a three-year high.

The number of retail store closures in the first seven months of the year has exceeded the total number last year, according to Coresight Research data cited by the Associated Press. Coresight expects 12,000 stores will be closed this year: So far this year, 7,567 retail stores have closed their doors versus 5,864 for all of last year. (Barneys employs approximately 1,400 people.)

There was a 5% monthly increase in total bankruptcy filings in July 2019, the American Bankruptcy Institute announced in a separate report released Monday. There were 64,283 bankruptcy filings, up from 62,241 for the same period last year. And there were roughly 1,000 more consumer bankruptcies by July, compared to the same period last year.

Alabama had the highest per capita rate, with 5.61 filings per 1,000 people, followed by Tennessee (5.39), Georgia (4.31), Mississippi (4.25) and Nevada (3.79). Last year, there were more than 770,000 bankruptcy filings — a legal process that gives financially strapped debtors a fresh start while also paying their creditors — down from 1.6 million in 2010.

The number of job openings, meanwhile, held steady at 7.3 million on the last business day of June, the U.S. Bureau of Labor Statistics said Tuesday. Over the month, hires and separations were also relatively flat at 5.7 million and 5.5 million, respectively. Within separations, the quits rate was unchanged at 2.3%, and the layoffs and discharges rate was also little changed at 1.1%.

Yep, kinda missed the part in the link claiming Trump or his policies had anything to do with the bankruptcies. Although the article did specify:
Most of these job losses were in the retail sector. Barneys New York said Tuesday it had filed for Chapter 11 bankruptcy protection. Analysts cite competition from online retailers like Amazon and eBay and rising real-estate costs. The company’s landmark Madison Avenue store will remain open; the company secured $75 million in financing to pay employees and vendors.
But what the hell, you go ahead and jump to any conclusion you'd like...dumbass.

Yup and the Op is a big dumb ass without an ounce of sense.

Sucks to be his stupid ass.

 

[dudmuck]

Business is suffering from at least two weapons. One is the internet and increased cybershopping. The other is raising the minimum wage beyond the ability of a small business to pay. Neither of which has anything to do with Trump.

You forgot a 3rd thing...Trump's Trade war

Has nothing to do with these bankruptcies. Barneys just filed bankruptcy. Trade war isn't even mentioned.

tariffs would significantly raise the costs to acquire inventory for retailers. Moreover, retailers could find it damn near impossible to successfully raise prices on consumers to offset their increased costs.

 

[SassyIrishLass]

Business is suffering from at least two weapons. One is the internet and increased cybershopping. The other is raising the minimum wage beyond the ability of a small business to pay. Neither of which has anything to do with Trump.

You forgot a 3rd thing...Trump's Trade war

Has nothing to do with these bankruptcies. Barneys just filed bankruptcy. Trade war isn't even mentioned.

tariffs would significantly raise the costs to acquire inventory for retailers. Moreover, retailers could find it damn near impossible to successfully raise prices on consumers to offset their increased costs.

Retail was dying long before tariffs but keep trying

 

[EvilCat Breath]

Businessman says "internet sales and increased minimum wages are putting me out of business."

Democrat says "You don't really mean that."

 

[Denizen]

Bankruptcies are on the rise which is Trump's modus operandi.

"The number of retail store closures in the first seven months of the year has exceeded the total number last year, according to Coresight Research data". Doubling year-on-year of retail store closures is possible by the end of 2019.

USA national debt as rapidly approaching $23 trillion and eventually, the debt will receive positive feedback when interest on the debt rises as government tax revenue falls with an oncoming recession.

The coming recession will be impossible to mitigate because Trump and the GOP have gifted tax cuts to the rich when the USA should have been taxing more to pay off the debt.

Trump has rolled the dice in applying Trump failed casino strategies to the management of the US government and the house is losing.

Bankruptcy-related job losses are rising at rates not seen since 2009, invoking bad memories of the Great Recession

Bankruptcy-related job losses are rising at rates not seen since 2009, invoking bad memories of the Great Recession
Published: Aug 7, 2019 8:55 a.m. ET

In the first seven months of the year, U.S.-based companies announced 42,937 job cuts due to bankruptcy, up 40% on the same period last year

Barneys New York filed for Chapter 11 bankruptcy protection Tuesday.

By
QUENTIN
FOTTRELL
PERSONAL FINANCE EDITOR

The recent spate of bankruptcies in corporate America is taking its toll.
In the first seven months of the year, U.S.-based companies announced 42,937 job cuts due to bankruptcy, up 40% on the same period last year and nearly 20% higher than all bankruptcy-related job losses last year, a report released Tuesday concluded. Despite record-low unemployment, bankruptcy filings have not claimed this many jobs since the Great Recession.

‘It is the highest seven-month total since 2009 when 50,258 cuts due to bankruptcy were announced.’
“It is the highest seven-month total since 2009 when 50,258 cuts due to bankruptcy were announced,” according to the report by outplacement and business coaching firm Challenger, Gray & Christmas. “In fact, it is higher than the annual totals for bankruptcy cuts every year since 2009, when 50,911 were announced for the entire year.”

Companies cited bankruptcy as the reason for 11.6% of all job cuts announced from January to July. That’s compared to 11.3% of all cuts for the same period in 2018. Since 2007, bankruptcy has accounted for approximately 6% of all job cuts every year. The Challenger report tracks planned job cuts publicly announced by U.S.-based employers.

These job losses are gleaned from news reports, company filings with the Securities and Exchange Commission, annual reports, company press releases and, where possible, state Worker Adjustment and Retraining Notification (WARN) reports. Regardless of when the job losses actually occur, they are counted in the month they are announced.

Don’t miss: The ‘best job in America’ pays over $108,000 a year — and has a high number of openings
Most of these job losses were in the retail sector. Barneys New York said Tuesday it had filed for Chapter 11 bankruptcy protection. Analysts cite competition from online retailers like Amazon AMZN, -1.11% and eBay EBAY, -0.45% and rising real-estate costs. The company’s landmark Madison Avenue store will remain open; the company secured $75 million in financing to pay employees and vendors.

The number of retail store closures in the first seven months of the year has exceeded the total number last year.

Consumer spending rose 0.3% in June, in line with a forecast of economists polled by MarketWatch. U.S. consumers didn’t spend as much in June as they did in the previous three months, but incomes rose solidly for the fifth month in a row and an already strong savings rate edged even higher. The savings rate edged up to 8.1% from 8%, near a three-year high.

The number of retail store closures in the first seven months of the year has exceeded the total number last year, according to Coresight Research data cited by the Associated Press. Coresight expects 12,000 stores will be closed this year: So far this year, 7,567 retail stores have closed their doors versus 5,864 for all of last year. (Barneys employs approximately 1,400 people.)

There was a 5% monthly increase in total bankruptcy filings in July 2019, the American Bankruptcy Institute announced in a separate report released Monday. There were 64,283 bankruptcy filings, up from 62,241 for the same period last year. And there were roughly 1,000 more consumer bankruptcies by July, compared to the same period last year.

Alabama had the highest per capita rate, with 5.61 filings per 1,000 people, followed by Tennessee (5.39), Georgia (4.31), Mississippi (4.25) and Nevada (3.79). Last year, there were more than 770,000 bankruptcy filings — a legal process that gives financially strapped debtors a fresh start while also paying their creditors — down from 1.6 million in 2010.

The number of job openings, meanwhile, held steady at 7.3 million on the last business day of June, the U.S. Bureau of Labor Statistics said Tuesday. Over the month, hires and separations were also relatively flat at 5.7 million and 5.5 million, respectively. Within separations, the quits rate was unchanged at 2.3%, and the layoffs and discharges rate was also little changed at 1.1%.

Yep, kinda missed the part in the link claiming Trump or his policies had anything to do with the bankruptcies. Although the article did specify:
Most of these job losses were in the retail sector. Barneys New York said Tuesday it had filed for Chapter 11 bankruptcy protection. Analysts cite competition from online retailers like Amazon and eBay and rising real-estate costs. The company’s landmark Madison Avenue store will remain open; the company secured $75 million in financing to pay employees and vendors.
But what the hell, you go ahead and jump to any conclusion you'd like...dumbass.

The retail sector is the front line of the economy. If the front line is losing, the generals in the refreshment tents at the rear will soon feel the chill.

 

[Denizen]

Bankruptcies are on the rise which is Trump's modus operandi.

"The number of retail store closures in the first seven months of the year has exceeded the total number last year, according to Coresight Research data". Doubling year-on-year of retail store closures is possible by the end of 2019.

USA national debt as rapidly approaching $23 trillion and eventually, the debt will receive positive feedback when interest on the debt rises as government tax revenue falls with an oncoming recession.

The coming recession will be impossible to mitigate because Trump and the GOP have gifted tax cuts to the rich when the USA should have been taxing more to pay off the debt.

Trump has rolled the dice in applying Trump failed casino strategies to the management of the US government and the house is losing.

Bankruptcy-related job losses are rising at rates not seen since 2009, invoking bad memories of the Great Recession

Bankruptcy-related job losses are rising at rates not seen since 2009, invoking bad memories of the Great Recession
Published: Aug 7, 2019 8:55 a.m. ET

In the first seven months of the year, U.S.-based companies announced 42,937 job cuts due to bankruptcy, up 40% on the same period last year

Barneys New York filed for Chapter 11 bankruptcy protection Tuesday.

By
QUENTIN
FOTTRELL
PERSONAL FINANCE EDITOR

The recent spate of bankruptcies in corporate America is taking its toll.
In the first seven months of the year, U.S.-based companies announced 42,937 job cuts due to bankruptcy, up 40% on the same period last year and nearly 20% higher than all bankruptcy-related job losses last year, a report released Tuesday concluded. Despite record-low unemployment, bankruptcy filings have not claimed this many jobs since the Great Recession.

‘It is the highest seven-month total since 2009 when 50,258 cuts due to bankruptcy were announced.’
“It is the highest seven-month total since 2009 when 50,258 cuts due to bankruptcy were announced,” according to the report by outplacement and business coaching firm Challenger, Gray & Christmas. “In fact, it is higher than the annual totals for bankruptcy cuts every year since 2009, when 50,911 were announced for the entire year.”

Companies cited bankruptcy as the reason for 11.6% of all job cuts announced from January to July. That’s compared to 11.3% of all cuts for the same period in 2018. Since 2007, bankruptcy has accounted for approximately 6% of all job cuts every year. The Challenger report tracks planned job cuts publicly announced by U.S.-based employers.

These job losses are gleaned from news reports, company filings with the Securities and Exchange Commission, annual reports, company press releases and, where possible, state Worker Adjustment and Retraining Notification (WARN) reports. Regardless of when the job losses actually occur, they are counted in the month they are announced.

Don’t miss: The ‘best job in America’ pays over $108,000 a year — and has a high number of openings
Most of these job losses were in the retail sector. Barneys New York said Tuesday it had filed for Chapter 11 bankruptcy protection. Analysts cite competition from online retailers like Amazon AMZN, -1.11% and eBay EBAY, -0.45% and rising real-estate costs. The company’s landmark Madison Avenue store will remain open; the company secured $75 million in financing to pay employees and vendors.

The number of retail store closures in the first seven months of the year has exceeded the total number last year.

Consumer spending rose 0.3% in June, in line with a forecast of economists polled by MarketWatch. U.S. consumers didn’t spend as much in June as they did in the previous three months, but incomes rose solidly for the fifth month in a row and an already strong savings rate edged even higher. The savings rate edged up to 8.1% from 8%, near a three-year high.

The number of retail store closures in the first seven months of the year has exceeded the total number last year, according to Coresight Research data cited by the Associated Press. Coresight expects 12,000 stores will be closed this year: So far this year, 7,567 retail stores have closed their doors versus 5,864 for all of last year. (Barneys employs approximately 1,400 people.)

There was a 5% monthly increase in total bankruptcy filings in July 2019, the American Bankruptcy Institute announced in a separate report released Monday. There were 64,283 bankruptcy filings, up from 62,241 for the same period last year. And there were roughly 1,000 more consumer bankruptcies by July, compared to the same period last year.

Alabama had the highest per capita rate, with 5.61 filings per 1,000 people, followed by Tennessee (5.39), Georgia (4.31), Mississippi (4.25) and Nevada (3.79). Last year, there were more than 770,000 bankruptcy filings — a legal process that gives financially strapped debtors a fresh start while also paying their creditors — down from 1.6 million in 2010.

The number of job openings, meanwhile, held steady at 7.3 million on the last business day of June, the U.S. Bureau of Labor Statistics said Tuesday. Over the month, hires and separations were also relatively flat at 5.7 million and 5.5 million, respectively. Within separations, the quits rate was unchanged at 2.3%, and the layoffs and discharges rate was also little changed at 1.1%.

Yep, kinda missed the part in the link claiming Trump or his policies had anything to do with the bankruptcies. Although the article did specify:
Most of these job losses were in the retail sector. Barneys New York said Tuesday it had filed for Chapter 11 bankruptcy protection. Analysts cite competition from online retailers like Amazon and eBay and rising real-estate costs. The company’s landmark Madison Avenue store will remain open; the company secured $75 million in financing to pay employees and vendors.
But what the hell, you go ahead and jump to any conclusion you'd like...dumbass.

Yup and the Op is a big dumb ass without an ounce of sense.

Sucks to be his stupid ass.

You evidently have expertise in sucking.

 

[Thinker101]

Bankruptcies are on the rise which is Trump's modus operandi.

"The number of retail store closures in the first seven months of the year has exceeded the total number last year, according to Coresight Research data". Doubling year-on-year of retail store closures is possible by the end of 2019.

USA national debt as rapidly approaching $23 trillion and eventually, the debt will receive positive feedback when interest on the debt rises as government tax revenue falls with an oncoming recession.

The coming recession will be impossible to mitigate because Trump and the GOP have gifted tax cuts to the rich when the USA should have been taxing more to pay off the debt.

Trump has rolled the dice in applying Trump failed casino strategies to the management of the US government and the house is losing.

Bankruptcy-related job losses are rising at rates not seen since 2009, invoking bad memories of the Great Recession

Bankruptcy-related job losses are rising at rates not seen since 2009, invoking bad memories of the Great Recession
Published: Aug 7, 2019 8:55 a.m. ET

In the first seven months of the year, U.S.-based companies announced 42,937 job cuts due to bankruptcy, up 40% on the same period last year

Barneys New York filed for Chapter 11 bankruptcy protection Tuesday.

By
QUENTIN
FOTTRELL
PERSONAL FINANCE EDITOR

The recent spate of bankruptcies in corporate America is taking its toll.
In the first seven months of the year, U.S.-based companies announced 42,937 job cuts due to bankruptcy, up 40% on the same period last year and nearly 20% higher than all bankruptcy-related job losses last year, a report released Tuesday concluded. Despite record-low unemployment, bankruptcy filings have not claimed this many jobs since the Great Recession.

‘It is the highest seven-month total since 2009 when 50,258 cuts due to bankruptcy were announced.’
“It is the highest seven-month total since 2009 when 50,258 cuts due to bankruptcy were announced,” according to the report by outplacement and business coaching firm Challenger, Gray & Christmas. “In fact, it is higher than the annual totals for bankruptcy cuts every year since 2009, when 50,911 were announced for the entire year.”

Companies cited bankruptcy as the reason for 11.6% of all job cuts announced from January to July. That’s compared to 11.3% of all cuts for the same period in 2018. Since 2007, bankruptcy has accounted for approximately 6% of all job cuts every year. The Challenger report tracks planned job cuts publicly announced by U.S.-based employers.

These job losses are gleaned from news reports, company filings with the Securities and Exchange Commission, annual reports, company press releases and, where possible, state Worker Adjustment and Retraining Notification (WARN) reports. Regardless of when the job losses actually occur, they are counted in the month they are announced.

Don’t miss: The ‘best job in America’ pays over $108,000 a year — and has a high number of openings
Most of these job losses were in the retail sector. Barneys New York said Tuesday it had filed for Chapter 11 bankruptcy protection. Analysts cite competition from online retailers like Amazon AMZN, -1.11% and eBay EBAY, -0.45% and rising real-estate costs. The company’s landmark Madison Avenue store will remain open; the company secured $75 million in financing to pay employees and vendors.

The number of retail store closures in the first seven months of the year has exceeded the total number last year.

Consumer spending rose 0.3% in June, in line with a forecast of economists polled by MarketWatch. U.S. consumers didn’t spend as much in June as they did in the previous three months, but incomes rose solidly for the fifth month in a row and an already strong savings rate edged even higher. The savings rate edged up to 8.1% from 8%, near a three-year high.

The number of retail store closures in the first seven months of the year has exceeded the total number last year, according to Coresight Research data cited by the Associated Press. Coresight expects 12,000 stores will be closed this year: So far this year, 7,567 retail stores have closed their doors versus 5,864 for all of last year. (Barneys employs approximately 1,400 people.)

There was a 5% monthly increase in total bankruptcy filings in July 2019, the American Bankruptcy Institute announced in a separate report released Monday. There were 64,283 bankruptcy filings, up from 62,241 for the same period last year. And there were roughly 1,000 more consumer bankruptcies by July, compared to the same period last year.

Alabama had the highest per capita rate, with 5.61 filings per 1,000 people, followed by Tennessee (5.39), Georgia (4.31), Mississippi (4.25) and Nevada (3.79). Last year, there were more than 770,000 bankruptcy filings — a legal process that gives financially strapped debtors a fresh start while also paying their creditors — down from 1.6 million in 2010.

The number of job openings, meanwhile, held steady at 7.3 million on the last business day of June, the U.S. Bureau of Labor Statistics said Tuesday. Over the month, hires and separations were also relatively flat at 5.7 million and 5.5 million, respectively. Within separations, the quits rate was unchanged at 2.3%, and the layoffs and discharges rate was also little changed at 1.1%.

Yep, kinda missed the part in the link claiming Trump or his policies had anything to do with the bankruptcies. Although the article did specify:
Most of these job losses were in the retail sector. Barneys New York said Tuesday it had filed for Chapter 11 bankruptcy protection. Analysts cite competition from online retailers like Amazon and eBay and rising real-estate costs. The company’s landmark Madison Avenue store will remain open; the company secured $75 million in financing to pay employees and vendors.
But what the hell, you go ahead and jump to any conclusion you'd like...dumbass.

The retail sector is the front line of the economy. If the front line is losing, the generals in the refreshment tents at the rear will soon feel the chill.

Yup, but I'm still missing the link to Trump.

 

[Thinker101]

Bankruptcies are on the rise which is Trump's modus operandi.

"The number of retail store closures in the first seven months of the year has exceeded the total number last year, according to Coresight Research data". Doubling year-on-year of retail store closures is possible by the end of 2019.

USA national debt as rapidly approaching $23 trillion and eventually, the debt will receive positive feedback when interest on the debt rises as government tax revenue falls with an oncoming recession.

The coming recession will be impossible to mitigate because Trump and the GOP have gifted tax cuts to the rich when the USA should have been taxing more to pay off the debt.

Trump has rolled the dice in applying Trump failed casino strategies to the management of the US government and the house is losing.

Bankruptcy-related job losses are rising at rates not seen since 2009, invoking bad memories of the Great Recession

Bankruptcy-related job losses are rising at rates not seen since 2009, invoking bad memories of the Great Recession
Published: Aug 7, 2019 8:55 a.m. ET

In the first seven months of the year, U.S.-based companies announced 42,937 job cuts due to bankruptcy, up 40% on the same period last year

Barneys New York filed for Chapter 11 bankruptcy protection Tuesday.

By
QUENTIN
FOTTRELL
PERSONAL FINANCE EDITOR

The recent spate of bankruptcies in corporate America is taking its toll.
In the first seven months of the year, U.S.-based companies announced 42,937 job cuts due to bankruptcy, up 40% on the same period last year and nearly 20% higher than all bankruptcy-related job losses last year, a report released Tuesday concluded. Despite record-low unemployment, bankruptcy filings have not claimed this many jobs since the Great Recession.

‘It is the highest seven-month total since 2009 when 50,258 cuts due to bankruptcy were announced.’
“It is the highest seven-month total since 2009 when 50,258 cuts due to bankruptcy were announced,” according to the report by outplacement and business coaching firm Challenger, Gray & Christmas. “In fact, it is higher than the annual totals for bankruptcy cuts every year since 2009, when 50,911 were announced for the entire year.”

Companies cited bankruptcy as the reason for 11.6% of all job cuts announced from January to July. That’s compared to 11.3% of all cuts for the same period in 2018. Since 2007, bankruptcy has accounted for approximately 6% of all job cuts every year. The Challenger report tracks planned job cuts publicly announced by U.S.-based employers.

These job losses are gleaned from news reports, company filings with the Securities and Exchange Commission, annual reports, company press releases and, where possible, state Worker Adjustment and Retraining Notification (WARN) reports. Regardless of when the job losses actually occur, they are counted in the month they are announced.

Don’t miss: The ‘best job in America’ pays over $108,000 a year — and has a high number of openings
Most of these job losses were in the retail sector. Barneys New York said Tuesday it had filed for Chapter 11 bankruptcy protection. Analysts cite competition from online retailers like Amazon AMZN, -1.11% and eBay EBAY, -0.45% and rising real-estate costs. The company’s landmark Madison Avenue store will remain open; the company secured $75 million in financing to pay employees and vendors.

The number of retail store closures in the first seven months of the year has exceeded the total number last year.

Consumer spending rose 0.3% in June, in line with a forecast of economists polled by MarketWatch. U.S. consumers didn’t spend as much in June as they did in the previous three months, but incomes rose solidly for the fifth month in a row and an already strong savings rate edged even higher. The savings rate edged up to 8.1% from 8%, near a three-year high.

The number of retail store closures in the first seven months of the year has exceeded the total number last year, according to Coresight Research data cited by the Associated Press. Coresight expects 12,000 stores will be closed this year: So far this year, 7,567 retail stores have closed their doors versus 5,864 for all of last year. (Barneys employs approximately 1,400 people.)

There was a 5% monthly increase in total bankruptcy filings in July 2019, the American Bankruptcy Institute announced in a separate report released Monday. There were 64,283 bankruptcy filings, up from 62,241 for the same period last year. And there were roughly 1,000 more consumer bankruptcies by July, compared to the same period last year.

Alabama had the highest per capita rate, with 5.61 filings per 1,000 people, followed by Tennessee (5.39), Georgia (4.31), Mississippi (4.25) and Nevada (3.79). Last year, there were more than 770,000 bankruptcy filings — a legal process that gives financially strapped debtors a fresh start while also paying their creditors — down from 1.6 million in 2010.

The number of job openings, meanwhile, held steady at 7.3 million on the last business day of June, the U.S. Bureau of Labor Statistics said Tuesday. Over the month, hires and separations were also relatively flat at 5.7 million and 5.5 million, respectively. Within separations, the quits rate was unchanged at 2.3%, and the layoffs and discharges rate was also little changed at 1.1%.

Yep, kinda missed the part in the link claiming Trump or his policies had anything to do with the bankruptcies. Although the article did specify:
Most of these job losses were in the retail sector. Barneys New York said Tuesday it had filed for Chapter 11 bankruptcy protection. Analysts cite competition from online retailers like Amazon and eBay and rising real-estate costs. The company’s landmark Madison Avenue store will remain open; the company secured $75 million in financing to pay employees and vendors.
But what the hell, you go ahead and jump to any conclusion you'd like...dumbass.

Yup and the Op is a big dumb ass without an ounce of sense.

Sucks to be his stupid ass.

You evidently have expertise in sucking.

Probably not near as much expertise as you have in being stupid.