New jobless claims down, remain at record level overall - Spokane, North Idaho News & Weather KHQ.com

New jobless claims down, remain at record level overall

SPOKANE, Wash. - There have been some positive signs when it comes to the economy lately.

It's good news that is desperately needed, but not nearly enough of a trend to bounce out of the crippling recession.

"We are seeing some signs of improvement, they're modest and i think that that's really the watch word that we need to focus on because we are still in a recession, the economy is still contracting," says Morgan Stanley chief U.S. economist Dick Berner.

While Wal-Mart didn't have the sales expected in March, the retailer was still up 1.4 percent from last year.

Sales at Target and Old Navy were down, but not nearly as much as predicted.

The bottom line: Retail is still soft, but it appears to be at least stabilizing, and in some cases even improving a bit.

"I think there are some positive take aways here over the past few months on the consumer front," says JP Morgan retail analyst Charles Grom.

There also appears to be a glimmer of hope in the battered housing market.

Refinancing jumped by 88% last month, thanks in large part to record low mortgage rates and a new federal assistance plan.

President Obama said today "We've seen Fannie Mae refinance $77 billion of mortgages in March, which is their highest volume in one month since 2003 and rates on 30-year mortgages have dropped to an all-time low of 4.78 percent."

There are staggering reminders that the economy is still reeling; Foreclosures are close to all-time highs and many Americans are losing their homes because they've lost their jobs.

While the jobless rate dropped slightly last week, 5.84 million Americans are currently receiving unemployment payments.

That new number is higher than expected, and higher than anytime since the late 1960's.

Meantime, workers may be getting some good economic news in their paychecks.

The Obama Administration's "Making Work Pay" tax credit is starting to kick in.

That which means a bigger bottom line, up to $400 a year for working individuals, and $800 a year for married joint filers.
  • Most Popular StoriesMost Popular StoriesMore>>

  • FIRST ON KHQ: Former Spokane NAACP president Rachel Dolezal facing felony theft charges for welfare fraud

    FIRST ON KHQ: Former Spokane NAACP president Rachel Dolezal facing felony theft charges for welfare fraud

    Friday, May 25 2018 2:09 AM EDT2018-05-25 06:09:50 GMT

    SPOKANE, Wash. - Former Spokane Chapter NAACP President Rachel Dolezal is now facing legal trouble that could land her behind bars. KHQ has confirmed that Dolezal, who legally changed her name to Nkechi Diallo in 2016, is accused of 1st Degree Theft by Welfare Fraud, Perjury in the 2nd Degree, and False Verification for Public Assistance.

    >>

    SPOKANE, Wash. - Former Spokane Chapter NAACP President Rachel Dolezal is now facing legal trouble that could land her behind bars. KHQ has confirmed that Dolezal, who legally changed her name to Nkechi Diallo in 2016, is accused of 1st Degree Theft by Welfare Fraud, Perjury in the 2nd Degree, and False Verification for Public Assistance. Her potential punishment under RCW 74.08.331 could include up to 15 years in prison.

    >>
  • Mysterious wolf-like creature shot in Montana

    Mysterious wolf-like creature shot in Montana

    Thursday, May 24 2018 7:58 PM EDT2018-05-24 23:58:21 GMT
    Image Courtesy KXLO via KFBBImage Courtesy KXLO via KFBB
    Image Courtesy KXLO via KFBBImage Courtesy KXLO via KFBB

    DENTON, Mont. - A large wolf-like animal was shot and killed May 16 by a rancher near Denton, Montana. It now has wildlife officials and the public wondering what it was, according to KFBB. The animal came within several hundred yards of the rancher’s livestock. Montana Fish, Wildlife, and Parks (FWP) said in a statement the rancher shot it and reported it as required by law. The animal was a young, non-lactating female and a canid, a 

    >>

    DENTON, Mont. - A large wolf-like animal was shot and killed May 16 by a rancher near Denton, Montana. It now has wildlife officials and the public wondering what it was, according to KFBB. The animal came within several hundred yards of the rancher’s livestock. Montana Fish, Wildlife, and Parks (FWP) said in a statement the rancher shot it and reported it as required by law. The animal was a young, non-lactating female and a canid, a 

    >>
  • Three men arrested for rape of 14-year-old girl in downtown Spokane apartments

    Three men arrested for rape of 14-year-old girl in downtown Spokane apartments

    Thursday, May 24 2018 6:03 PM EDT2018-05-24 22:03:25 GMT

    SPOKANE, Wash. - Three men were arrested on Wednesday, accused of raping a 14-year old girl in a downtown Spokane apartment building. According to court documents obtained by KHQ, the girl ran away from home on April 1 because her parents were fighting. She took the bus to downtown and went to Riverpark Square. That's where she was approached by a man she'd never met before. The girl said he appeared to be high 

    >>

    SPOKANE, Wash. - Three men were arrested on Wednesday, accused of raping a 14-year old girl in a downtown Spokane apartment building. According to court documents obtained by KHQ, the girl ran away from home on April 1 because her parents were fighting. She took the bus to downtown and went to Riverpark Square. That's where she was approached by a man she'd never met before. The girl said he appeared to be high 

    >>
HD DOPPLER 6i
/