Do we really need another 150 WMT stores to be added to the already overcrowded retail space...... June 4th, 2009 Wal-Mart To Add At Least 22,000 U.S. Jobs At Over 150 Stores In 2009 Mayur Pahilajani - AHN News Writer Bentonville, AR (AHN) - Wal-Mart Stores, Inc. (NYSE: WMT), the world's largest retailer, has committed to add at least 22,000 jobs in the United States in 2009 to staff new or expanded stores. The news is going to boost investor confidence in the sector as the retailers have been hit hard by sliding consumer spending, which is related to increasing unemployment rate. The Bentonville, Arkansas-based company's announcement came ahead of its annual meeting on Thursday. "During this difficult economic time, we're proud to be able to create quality jobs for thousands of Americans this year," Vice Chairman Eduardo Castro-Wright said in a statement. He added, "Job creation is just one way in which we're working hard every day to help people across this country live better." These jobs will be added to the Wal-Mart's plan that was announced last October to open up to 157 new or expanded stores during the 2010 fiscal year in the U.S. The retailer has planned to create more than 1,000 jobs in each of several states: Arizona (1,300), California (1,000), Florida (1,300), Michigan (1,500), New Jersey (1,200), South Carolina (1,000), Utah (1,200) and Virginia (1,100). Michigan is suffering from sharply higher unemployment rate following the collapse of General Motors Corp. and Chrysler LLC. "We are excited that during these economically challenging times Walmart is investing in Michigan by creating good paying jobs and offering benefits to their employees," Michigan Chamber of Commerce President and CEO Richard Studley said in the statement today. Studley added, "The positive impact that these jobs will have on the families of the new employees and their communities cannot be overstated." The retailer said it will fill positions including store management, pharmacists, human resource managers, customer service associates, cashiers and sales associates. The company, which has a workforce of 1.45 million in the U.S., added 33,000 jobs in the country in 2008, which is based on its annual report released in April this year. Wal-Mart employs more than 2.1 million people at more than 7,900 retail stores under 55 different banners in 15 countries. Wal-Mart shares closed higher at $50.88 on New York Stock Exchange composite trading yesterday. The stock of the company has traded between $46.25 and $63.85 in the last 52-week period.