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	<title>Doing Business Now &#187; jobs</title>
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	<link>http://www.biz2credit.com/blog</link>
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		<title>Smallest Businesses Slowly Increase Hiring, Says New Data</title>
		<link>http://www.biz2credit.com/blog/2010/03/12/smallest-businesses-slowly-increase-hiring-says-new-data/</link>
		<comments>http://www.biz2credit.com/blog/2010/03/12/smallest-businesses-slowly-increase-hiring-says-new-data/#comments</comments>
		<pubDate>Fri, 12 Mar 2010 05:49:04 +0000</pubDate>
		<dc:creator>Biz2Credit Advisor</dc:creator>
				<category><![CDATA[Small Business News]]></category>
		<category><![CDATA[businesses]]></category>
		<category><![CDATA[credit]]></category>
		<category><![CDATA[employees]]></category>
		<category><![CDATA[Intuits]]></category>
		<category><![CDATA[jobs]]></category>
		<category><![CDATA[Labor Department]]></category>
		<category><![CDATA[payroll]]></category>
		<category><![CDATA[payroll service]]></category>
		<category><![CDATA[President Obama]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[small business]]></category>
		<category><![CDATA[Small businesses]]></category>
		<category><![CDATA[SurePayroll]]></category>
		<category><![CDATA[tax credits]]></category>
		<category><![CDATA[tax incentives]]></category>
		<category><![CDATA[Unemployment]]></category>

		<guid isPermaLink="false">http://www.biz2credit.com/blog/?p=1198</guid>
		<description><![CDATA[New data from payroll companies suggests that small businesses are slowly beginning to add employees, even as the most recent Labor Department report shows the unemployment rate held steady at just under 10 percent. Some economists believe these numbers indicate the recession is bottoming out.
Based on data gathered from Intuit’s online payroll service, companies with [...]]]></description>
			<content:encoded><![CDATA[<p>New data from payroll companies suggests that small businesses are slowly beginning to add employees, even as the most recent Labor Department report shows the unemployment rate held steady at just under 10 percent. Some economists believe these numbers indicate the recession is bottoming out.</p>
<p>Based on data gathered from Intuit’s online payroll service, companies with less than 20 employees have added jobs since June 2009, said Business Week  Additionally, data from SurePayroll shows the average paycheck for workers at businesses with fewer than 100 employees has stabilized, said <a href="http://www.businessweek.com/smallbiz/content/mar2010/sb2010034_032664.htm" target="_blank">Business Week. </a></p>
<p>President Obama has put forth a number of measures intended to get people back to work, including tax incentives for businesses that hire new employees and pushing banks to free up more credit for small businesses.</p>
<p>John Bishop, a labor economist at Cornell University, told Business Week that temporary incentives like tax credits could create more than 2 million jobs in a year.<br />
&#8220;It potentially has a huge effect, and small business would be the primary beneficiary of that,&#8221; Bishop told Business Week.</p>
<hr /><img class="alignleft" style="margin: 10px 5px;" title="Logo" src="http://images.cmpgnr.com/1301986683/Logo1224002477952.png" alt="Biz2Credit Logo" width="138" height="30" /> <em>This article was submitted by Katie Kapler, Director of Online Strategy for Biz2Credit. Biz2Credit is a small business marketplace that connects entrepreneurs with financing options and advice to grow their business. Send all questions to <a href="mailto:katie.kapler@biz2credit.com">katie.kapler@biz2credit.com</a> </em></p>
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		<title>Wal-Mart Cuts 11,200 Sam&#8217;s Club Jobs</title>
		<link>http://www.biz2credit.com/blog/2010/02/05/wal-mart-cuts-11200-sam%e2%80%99s-club-jobs/</link>
		<comments>http://www.biz2credit.com/blog/2010/02/05/wal-mart-cuts-11200-sam%e2%80%99s-club-jobs/#comments</comments>
		<pubDate>Fri, 05 Feb 2010 05:30:48 +0000</pubDate>
		<dc:creator>Biz2Credit Advisor</dc:creator>
				<category><![CDATA[Small Business News]]></category>
		<category><![CDATA[jobs]]></category>
		<category><![CDATA[product demonstrator]]></category>
		<category><![CDATA[Sam’s Club]]></category>
		<category><![CDATA[Shopper Events]]></category>
		<category><![CDATA[Wal-Mart]]></category>

		<guid isPermaLink="false">http://www.biz2credit.com/blog/?p=1165</guid>
		<description><![CDATA[Wal-Mart, the world’s largest retailer, is cutting 11,200 jobs at its Sam’s Club stores, reported Business Week. 
The store will eliminate about 10,000 product demonstrator positions, most of them part-time, after hiring an outside marketing company, Shopper Events, to take over demonstration operations, Sam’s Club Chief Executive Officer Brian Cornell said in a memo to [...]]]></description>
			<content:encoded><![CDATA[<p>Wal-Mart, the world’s largest retailer, is cutting 11,200 jobs at its Sam’s Club stores, <a href="http://www.businessweek.com/news/2010-01-24/walmart-to-cut-11-200-sam-s-club-jobs-cornell-says-update1-.html" target="_blank">reported Business Week. </a></p>
<p>The store will eliminate about 10,000 product demonstrator positions, most of them part-time, after hiring an outside marketing company, Shopper Events, to take over demonstration operations, Sam’s Club Chief Executive Officer Brian Cornell said in a memo to employees. The warehouse chain will cut another 1,200 membership recruiting jobs – two in each of the 600 Sam’s Club stores across the country. </p>
<p>The memo, posted on the Wal-Mart web site, said the change is an effort to improve in-store sampling and demonstrations of food and beverages, personal wellness and electronics products. </p>
<p>In a separate announcement on Jan. 11, Wal-Mart said it will close 10 under-performing Sam’s Club stores, eliminating about 1,500 jobs, said Business Week. Overall, Sam’s Club employs about 110,000 people.</p>
<p>Shopper Events, based in Rogers, Ark., said it would hire about the same number of employees that Sam’s Club is letting go, according to Business Week. </p>
<p>Laid-off Sam’s Club employees can apply for the Shopper Events jobs. The company already handles in-store demonstrations for Wal-Mart. </p>
<hr />
<img class="alignleft" style="margin: 10px 5px;" title="Logo" src="http://images.cmpgnr.com/1301986683/Logo1224002477952.png" alt="Biz2Credit Logo" width="138" height="30" /> <em>This article was submitted by Katie Kapler, Director of Online Strategy for Biz2Credit. Biz2Credit is a small business marketplace that connects entrepreneurs with financing options and advice to grow their business. Send all questions to <a href="mailto:katie.kapler@biz2credit.com">katie.kapler@biz2credit.com</a>  </em></p>
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		<title>Unexpected Good News in November Job Numbers</title>
		<link>http://www.biz2credit.com/blog/2009/12/14/unexpected-good-news-in-november-job-numbers/</link>
		<comments>http://www.biz2credit.com/blog/2009/12/14/unexpected-good-news-in-november-job-numbers/#comments</comments>
		<pubDate>Mon, 14 Dec 2009 05:16:42 +0000</pubDate>
		<dc:creator>Biz2Credit Advisor</dc:creator>
				<category><![CDATA[Small Business News]]></category>
		<category><![CDATA[job growth]]></category>
		<category><![CDATA[job market]]></category>
		<category><![CDATA[jobs]]></category>
		<category><![CDATA[Labor Department]]></category>
		<category><![CDATA[National Federation of Independent Business]]></category>
		<category><![CDATA[November unemployment rate]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[Small businesses]]></category>
		<category><![CDATA[small companies]]></category>
		<category><![CDATA[unemployment rate]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://www.biz2credit.com/blog/?p=1117</guid>
		<description><![CDATA[A drop in the November unemployment rate provided a glimmer of hope that the unrelentingly bleak job market may be headed for a turnaround. 
The unemployment rate unexpectedly fell to 10 percent last month, from 10.2 percent in October, as employers cut the fewest number of jobs since the recession began. The average work week [...]]]></description>
			<content:encoded><![CDATA[<p>A drop in the November unemployment rate provided a glimmer of hope that the unrelentingly bleak job market may be headed for a turnaround. </p>
<p>The unemployment rate unexpectedly fell to 10 percent last month, from 10.2 percent in October, as employers cut the fewest number of jobs since the recession began. The average work week and earnings also rose in November, the Labor Department reported. </p>
<p>The economy shed 11,000 jobs last month, an improvement from October&#8217;s revised total of 111,000 lost jobs, and significantly better than the 130,000 Wall Street economists had expected in November, <a href="http://www.google.com/hostednews/ap/article/ALeqM5gNiyJ905Ho0Ur96V2TQhsBX19lGwD9CCJ8I01" target="_blank">said the Associated Press.</a></p>
<p>Economists say that substantial job growth is needed to make a dent in the unemployment rate. According to the Labor Department, 15.4 million unemployed people are seeking work, and 11.5 million others are working part-time but want full-time jobs or have given up job hunting altogether.</p>
<p>In a troubling sign for small businesses, a survey by the National Federation of Independent Business showed more small companies plan to reduce employment in the next three months than plan to add jobs, said the AP. </p>
<hr />
<img class="alignleft" style="margin: 10px 5px;" title="Logo" src="http://images.cmpgnr.com/1301986683/Logo1224002477952.png" alt="Biz2Credit Logo" width="138" height="30" /> <em>This article was submitted by Katie Kapler, Director of Online Strategy for Biz2Credit. Biz2Credit is a small business marketplace that connects entrepreneurs with financing options and advice to grow their business. Send all questions to <a href="mailto:katie.kapler@biz2credit.com">katie.kapler@biz2credit.com</a>  </em></p>
]]></content:encoded>
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		<title>Unemployment Hits Double Digits in October</title>
		<link>http://www.biz2credit.com/blog/2009/11/11/unemployment-hits-double-digits-in-october/</link>
		<comments>http://www.biz2credit.com/blog/2009/11/11/unemployment-hits-double-digits-in-october/#comments</comments>
		<pubDate>Wed, 11 Nov 2009 06:59:41 +0000</pubDate>
		<dc:creator>Biz2Credit Advisor</dc:creator>
				<category><![CDATA[Small Business News]]></category>
		<category><![CDATA[first-time homebuyer tax credit]]></category>
		<category><![CDATA[jobs]]></category>
		<category><![CDATA[Labor Department]]></category>
		<category><![CDATA[labor unions]]></category>
		<category><![CDATA[recession President Barack Obama]]></category>
		<category><![CDATA[recovery]]></category>
		<category><![CDATA[stimulus package]]></category>
		<category><![CDATA[Unemployment]]></category>
		<category><![CDATA[unemployment benefits]]></category>
		<category><![CDATA[unemployment rate]]></category>

		<guid isPermaLink="false">http://www.biz2credit.com/blog/?p=1067</guid>
		<description><![CDATA[The U.S. unemployment rate hit 10.2 percent in October &#8212; a 26-year high, according to recent figures from the Labor Department. 
The country shed 190,000 jobs in September, even as other economic indicators have pointed to a recovery from the recession. President Barack Obama on Friday signed a bill that would extend unemployment benefits up [...]]]></description>
			<content:encoded><![CDATA[<p>The U.S. unemployment rate hit 10.2 percent in October &#8212; a 26-year high, according to recent figures from the Labor Department. </p>
<p>The country shed 190,000 jobs in September, even as other economic indicators have pointed to a recovery from the recession. President Barack Obama on Friday signed a bill that would extend unemployment benefits up to an additional 20 weeks and extend the first-time homebuyer tax credit. </p>
<p>Republican critics of the Obama administration are pointing to the double-digit unemployment rate as proof that the $787 billion stimulus package is failing; meanwhile, labor unions and some Democrats are calling for more spending to create jobs, <a href="http://www.nytimes.com/2009/11/07/business/economy/07jobs.html?_r=1&#038;hpw" target="_blank">according to the New York Times. </a></p>
<p>The highest level of unemployment came at the end of 1982, when it hit 10.8 percent, reported the Times. </p>
<hr />
<img class="alignleft" style="margin: 10px 5px;" title="Logo" src="http://images.cmpgnr.com/1301986683/Logo1224002477952.png" alt="Biz2Credit Logo" width="138" height="30" /> <em>This article was submitted by Katie Kapler, Director of Online Strategy for Biz2Credit. Biz2Credit is a small business marketplace that connects entrepreneurs with financing options and advice to grow their business. Send all questions to <a href="mailto:katie.kapler@biz2credit.com">katie.kapler@biz2credit.com</a>  </em></p>
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		<title>White House Credits Stimulus With Creating or Saving 650,000</title>
		<link>http://www.biz2credit.com/blog/2009/11/06/white-house-credits-stimulus-with-creating-or-saving-650000/</link>
		<comments>http://www.biz2credit.com/blog/2009/11/06/white-house-credits-stimulus-with-creating-or-saving-650000/#comments</comments>
		<pubDate>Fri, 06 Nov 2009 06:18:23 +0000</pubDate>
		<dc:creator>Biz2Credit Advisor</dc:creator>
				<category><![CDATA[Small Business News]]></category>
		<category><![CDATA[businesses contractors]]></category>
		<category><![CDATA[education]]></category>
		<category><![CDATA[jobs]]></category>
		<category><![CDATA[President Barack Obama's economic stimulus plan]]></category>
		<category><![CDATA[Vice President Joe Biden]]></category>

		<guid isPermaLink="false">http://www.biz2credit.com/blog/?p=1064</guid>
		<description><![CDATA[Nearly 650,000 jobs have been saved or created under President Barack Obama&#8217;s economic stimulus plan, the government said Friday, and the White House declared the nation on track to meet the president&#8217;s goal of 3.5 million by the end of next year, reported the Associated Press. 
The independent federal board monitoring the stimulus plan’s progress [...]]]></description>
			<content:encoded><![CDATA[<p>Nearly 650,000 jobs have been saved or created under President Barack Obama&#8217;s economic stimulus plan, the government said Friday, and the White House declared the nation on track to meet the president&#8217;s goal of 3.5 million by the end of next year, <a href="http://www.google.com/hostednews/ap/article/ALeqM5jMNoef6xDenBbHWO0Im6rIjDmAgAD9BLO8S00" target="_blank">reported the Associated Press. </a></p>
<p>The independent federal board monitoring the stimulus plan’s progress credited the program with saving or creating 640,329 jobs. Teaching and education positions made up the bulk of those jobs &#8212; about 325,000. </p>
<p>An earlier jobs report contained faulty data and overstated the number of jobs saved or created, according to the Associated Press. </p>
<p>Some Republicans voiced criticism about the numbers. Senate Minority Leader Mitch McConnell called the report “bewildering” when 3 million jobs have been lost in the past year.  </p>
<p>Job numbers were collected from businesses, contractors, state and local governments, nonprofit groups and universities.</p>
<p>Calculating &#8220;jobs saved&#8221; produces an inexact estimate, and using data from so many sources can produce errors, said the AP. </p>
<p>Vice President Joe Biden defended the report, saying it shows the recovery plan &#8220;is operating as advertised.”</p>
<hr />
<img class="alignleft" style="margin: 10px 5px;" title="Logo" src="http://images.cmpgnr.com/1301986683/Logo1224002477952.png" alt="Biz2Credit Logo" width="138" height="30" /> <em>This article was submitted by Katie Kapler, Director of Online Strategy for Biz2Credit. Biz2Credit is a small business marketplace that connects entrepreneurs with financing options and advice to grow their business. Send all questions to <a href="mailto:katie.kapler@biz2credit.com">katie.kapler@biz2credit.com</a>  </em></p>
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		<title>White House Announces Tax Credit for Communities in Need</title>
		<link>http://www.biz2credit.com/blog/2009/11/04/white-house-announces-tax-credit-for-communities-in-need/</link>
		<comments>http://www.biz2credit.com/blog/2009/11/04/white-house-announces-tax-credit-for-communities-in-need/#comments</comments>
		<pubDate>Wed, 04 Nov 2009 06:00:59 +0000</pubDate>
		<dc:creator>Biz2Credit Advisor</dc:creator>
				<category><![CDATA[Small Business News]]></category>
		<category><![CDATA[Community Development Financial Institutions]]></category>
		<category><![CDATA[consumers]]></category>
		<category><![CDATA[credit]]></category>
		<category><![CDATA[economic stimulus package]]></category>
		<category><![CDATA[energy education health care and manufacturing]]></category>
		<category><![CDATA[jobs]]></category>
		<category><![CDATA[loans]]></category>
		<category><![CDATA[Small businesses]]></category>
		<category><![CDATA[tax credit]]></category>
		<category><![CDATA[tax credit program]]></category>
		<category><![CDATA[Treasury Secretary Timothy Geithner]]></category>

		<guid isPermaLink="false">http://www.biz2credit.com/blog/?p=1058</guid>
		<description><![CDATA[The administration plans to expand a $5 billion tax-credit program intended to aid economically distressed communities across the country, Treasury Secretary Timothy Geithner announced Friday.
The president’s 2010 budget plan doubles funding for the Community Development Financial Institutions fund, which helps provide loans to small businesses and consumers in disadvantaged communities that lack access to affordable [...]]]></description>
			<content:encoded><![CDATA[<p>The administration plans to expand a $5 billion tax-credit program intended to aid economically distressed communities across the country, Treasury Secretary Timothy Geithner announced Friday.</p>
<p>The president’s 2010 budget plan doubles funding for the Community Development Financial Institutions fund, which helps provide loans to small businesses and consumers in disadvantaged communities that lack access to affordable credit, <a href="http://online.wsj.com/article/SB125692382031219045.html?mod=loomia&#038;loomia_si=t0:a16:g2:r2:c0.0155046:b28618647" target="_blank">reported the Wall Street Journal.</a> </p>
<p>The tax credit program, funded by the economic stimulus package, will reward private sector companies that invest in energy, education, health care and manufacturing projects to create jobs in low-income areas. The credit would cover 39 percent of the cost of the investment over a seven-year period.</p>
<hr />
<img class="alignleft" style="margin: 10px 5px;" title="Logo" src="http://images.cmpgnr.com/1301986683/Logo1224002477952.png" alt="Biz2Credit Logo" width="138" height="30" /> <em>This article was submitted by Katie Kapler, Director of Online Strategy for Biz2Credit. Biz2Credit is a small business marketplace that connects entrepreneurs with financing options and advice to grow their business. Send all questions to <a href="mailto:katie.kapler@biz2credit.com">katie.kapler@biz2credit.com</a>  </em></p>
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		<title>Obama Plan Encourages More Small Business Loans</title>
		<link>http://www.biz2credit.com/blog/2009/10/27/obama-plan-encourages-more-small-business-loans/</link>
		<comments>http://www.biz2credit.com/blog/2009/10/27/obama-plan-encourages-more-small-business-loans/#comments</comments>
		<pubDate>Tue, 27 Oct 2009 06:08:11 +0000</pubDate>
		<dc:creator>Biz2Credit Advisor</dc:creator>
				<category><![CDATA[Small Business Loans]]></category>
		<category><![CDATA[Small Business News]]></category>
		<category><![CDATA[bailing out big banks]]></category>
		<category><![CDATA[community banks]]></category>
		<category><![CDATA[credit]]></category>
		<category><![CDATA[credit President Barack Obama]]></category>
		<category><![CDATA[economic recovery]]></category>
		<category><![CDATA[jobs]]></category>
		<category><![CDATA[lower-cost capital]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[SBA administrator Karen Mills]]></category>
		<category><![CDATA[Small Business Administration loans]]></category>
		<category><![CDATA[small business lending plan]]></category>
		<category><![CDATA[small business owners]]></category>
		<category><![CDATA[Small businesses]]></category>
		<category><![CDATA[Timothy Geithner]]></category>

		<guid isPermaLink="false">http://www.biz2credit.com/blog/?p=1025</guid>
		<description><![CDATA[Recognizing that many small businesses are still struggling to secure credit, President Barack Obama announced a plan that would encourage community banks to issue more small business loans. 
Under the plan, community banks with under $1 billion in assets would be eligible for lower-cost capital if they submit a small business lending plan and document [...]]]></description>
			<content:encoded><![CDATA[<p>Recognizing that many small businesses are still struggling to secure credit, President Barack Obama announced a plan that would encourage community banks to issue more small business loans. </p>
<p>Under the plan, community banks with under $1 billion in assets would be eligible for lower-cost capital if they submit a small business lending plan and document their lending in quarterly reports, said the White House. If approved, the banks would pay the government a 3 percent dividend instead of 5 percent. </p>
<p>Obama also said he will seek legislation raising the limits for Small Business Administration loans from $2 million to $5 million and as much as $5.5 million for manufacturing, <a href="http://www.bloomberg.com/apps/news?pid=20601103&#038;sid=aKEFVBe71avY" target="_blank">according to Bloomberg News. </a></p>
<p>The president said these steps will lead to “more jobs, more growth, and a stronger economic recovery.” </p>
<p>Some legislators and small business owners have complained that the administration’s recovery efforts have focused too narrowly on bailing out big banks.  </p>
<p>Obama asked Treasury Secretary Timothy Geithner and SBA administrator Karen Mills, to gather a group of regulators, congressional leaders, lenders, and small business owners “to determine what additional steps we can take to get credit flowing to small businesses that want to expand,” said Bloomberg News. </p>
<hr />
<img class="alignleft" style="margin: 10px 5px;" title="Logo" src="http://images.cmpgnr.com/1301986683/Logo1224002477952.png" alt="Biz2Credit Logo" width="138" height="30" /> <em>This article was submitted by Katie Kapler, Director of Online Strategy for Biz2Credit. Biz2Credit is a small business marketplace that connects entrepreneurs with financing options and advice to grow their business. Send all questions to katie.kapler@biz2credit.com.</em></p>
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		<title>Fewer Americans Able to Move to a New Place</title>
		<link>http://www.biz2credit.com/blog/2009/07/30/fewer-americans-able-to-move-to-a-new-place/</link>
		<comments>http://www.biz2credit.com/blog/2009/07/30/fewer-americans-able-to-move-to-a-new-place/#comments</comments>
		<pubDate>Thu, 30 Jul 2009 06:57:44 +0000</pubDate>
		<dc:creator>Biz2Credit Advisor</dc:creator>
				<category><![CDATA[Small Business News]]></category>
		<category><![CDATA[changing residences]]></category>
		<category><![CDATA[housing market]]></category>
		<category><![CDATA[jobs]]></category>
		<category><![CDATA[labor markets]]></category>
		<category><![CDATA[mobile society]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[U.S. Census data]]></category>

		<guid isPermaLink="false">http://www.biz2credit.com/blog/?p=857</guid>
		<description><![CDATA[Many Americans eager to pack up and move to another town or city are being forced to stay put due in large part to the weak housing market, says an MSNBC.com article.  
The U.S. is a historically mobile society. The most movement happened in the 1950s and 60s, when about 20 percent of the [...]]]></description>
			<content:encoded><![CDATA[<p>Many Americans eager to pack up and move to another town or city are being forced to stay put due in large part to the weak housing market,<a href="http://www.msnbc.msn.com/id/31666870/ns/business-economy_in_turmoil/" target="_blank"> says an MSNBC.com article.</a>  </p>
<p>The U.S. is a historically mobile society. The most movement happened in the 1950s and 60s, when about 20 percent of the population moved each year.  The percentage of people changing residences fell to a historic low of 11.9 percent in 2008, according to U.S. Census data. </p>
<p>Because many people are having trouble selling their homes, they can’t relocate to an area where jobs are more plentiful.</p>
<p>“The labor markets are sluggish. They’re not adjusting efficiently,” economics professor Richard Cebula told MSNBC.com, adding the situation “exacerbates a recession.”</p>
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<img class="alignleft" style="margin: 10px 5px;" title="Logo" src="http://images.cmpgnr.com/1301986683/Logo1224002477952.png" alt="Biz2Credit Logo" width="138" height="30" /> <em>This article was submitted by Katie Kapler, Director of Online Strategy for Biz2Credit. Biz2Credit is a small business marketplace that connects entrepreneurs with financing options and advice to grow their business. Send all questions to katie.kapler@biz2credit.com.</em></p>
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		<title>Families in Mexico Hurt by U.S. Recession</title>
		<link>http://www.biz2credit.com/blog/2009/07/28/families-in-mexico-hurt-by-u-s-recession/</link>
		<comments>http://www.biz2credit.com/blog/2009/07/28/families-in-mexico-hurt-by-u-s-recession/#comments</comments>
		<pubDate>Tue, 28 Jul 2009 06:50:01 +0000</pubDate>
		<dc:creator>Biz2Credit Advisor</dc:creator>
				<category><![CDATA[Small Business News]]></category>
		<category><![CDATA[Bank of Mexico]]></category>
		<category><![CDATA[immigration-control advocate]]></category>
		<category><![CDATA[jobs]]></category>
		<category><![CDATA[Mexican workers]]></category>
		<category><![CDATA[money transfers]]></category>
		<category><![CDATA[Pew Hispanic Center]]></category>
		<category><![CDATA[Unemployment]]></category>

		<guid isPermaLink="false">http://www.biz2credit.com/blog/?p=851</guid>
		<description><![CDATA[With more Mexican workers in the United States unable to find jobs, their families back in Mexico are struggling to survive. Millions of Mexicans rely on the money sent home by relatives working in the U.S. 
The Bank of Mexico reported that money transfers from the U.S. to Mexico dropped 20 percent in May, to [...]]]></description>
			<content:encoded><![CDATA[<p>With more Mexican workers in the United States unable to find jobs, their families back in Mexico are struggling to survive. Millions of Mexicans rely on the money sent home by relatives working in the U.S. </p>
<p>The Bank of Mexico reported that money transfers from the U.S. to Mexico dropped 20 percent in May, to $1.9 billion, compared to last year, according to an article in <a href="http://www.usatoday.com/news/world/2009-07-09-mexico_N.htm" target="_blank">USA Today.  </a>	</p>
<p>An estimated 12 million Mexicans work illegally in the U.S. and have suffered more unemployment than the population at large, according to the Pew Hispanic Center.  </p>
<p>Jack Martin, an immigration-control advocate, told USA Today that less money going to Mexico might mean more money staying in the U.S. to stimulate the economy. </p>
<p>In Mexico, small, rural towns known as pueblos fantasmas, or “ghost towns” because so many men have left to work in the U.S., have been hit especially hard, said USA Today. </p>
<p>For the mainly women, children and elderly left behind in those small towns, the suffering is very real.</p>
<p>&#8220;Thank God, we haven&#8217;t had anyone die of hunger yet,&#8221; Jesus Tello, 63, a farmer in the isolated town of Pacula, told USA Today. &#8220;But things are getting harder and harder. People are living on beans.&#8221;</p>
<hr/>
 <img class="alignleft" style="margin: 10px 5px;" title="Logo" src="http://images.cmpgnr.com/1301986683/Logo1224002477952.png" alt="Biz2Credit Logo" width="138" height="30" /> <em>This article was submitted by Katie Kapler, Director of Online Strategy for Biz2Credit. Biz2Credit is a small business marketplace that connects entrepreneurs with financing options and advice to grow their business. Send all questions to katie.kapler@biz2credit.com.</em></p>
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