Economic reports show some signs of improvement - Spokane, North Idaho News & Weather KHQ.com

Economic reports show some signs of improvement

Posted: Updated:
WASHINGTON. - Analysts say the economy may no longer be in free-fall but the road to recovery is slow, at best.

Retail sales edged up for the month of June and were higher than expected, but with a catch.

For the second straight month energy, gasoline and food prices drove the increase, not clothing and electronic sales.

For electronic giants like Dell, it means lowering second quarter profit expectations as consumers curb spending on big ticket items and keep laser-like focus on the basics.

Analysts say necessity spending will rule the rest of this year.

For off-price and discount chains, it has underscored the new economic mindset of less is more.

With unemployment at a 26-year high consumers and businesses are not ready to throw caution to the wind.

On Tuesday President Obama warned unemployment will climb for several more months, but says there are signs the economy and credit is beginning to thaw.

"Small businesses that might have worried just a couple months ago about closing doors they are now able to get a little more financing," he said. "That means they are less likely to lay off workers."

Some experts say we could soon see the start of hiring opportunities.

"What we did see was an increase in the percentage of firms with job openings, which they are having some trouble filling, and an increase in the net percent of firms who plan to create jobs," says NFIB chief Economist Bill Dunkelberg.

There are also signs Wall Street's financial firms, where many say the economic crisis began, are showing a pulse following near collapse.

Goldman Sachs is posting big profits just one month after paying back $10 billion in federal aid.

Still, the financial sector is not cured yet.

Many commercial lenders are still struggling and may need more emergency funding from the government.
  • Most Popular StoriesMost Popular StoriesMore>>

  • Woman run over by cyclist on Centennial Trail files lawsuit

    Woman run over by cyclist on Centennial Trail files lawsuit

    Wednesday, October 18 2017 10:51 PM EDT2017-10-19 02:51:08 GMT

    SPOKANE, Wash. - A Spokane woman who was run over by a cyclist last month on the Centennial Trail has filed a lawsuit against the man she says didn’t even try to avoid smashing into her. On Sept. 22, 67-year-old Virginia Pearsall was walking near Kendall Yards with her sister when she heard someone behind her yell, “Hot pizza!” "I felt like I got hit by a truck," said Pearsall. "The impact was so great, it was unbelievable." 

    >>

    SPOKANE, Wash. - A Spokane woman who was run over by a cyclist last month on the Centennial Trail has filed a lawsuit against the man she says didn’t even try to avoid smashing into her. On Sept. 22, 67-year-old Virginia Pearsall was walking near Kendall Yards with her sister when she heard someone behind her yell, “Hot pizza!” "I felt like I got hit by a truck," said Pearsall. "The impact was so great, it was unbelievable." 

    >>
  • Semi with brakes tied together using plastic grocery bag crashes on interstate

    Semi with brakes tied together using plastic grocery bag crashes on interstate

    Thursday, October 19 2017 12:24 AM EDT2017-10-19 04:24:21 GMT
    @wspd1pio@wspd1pio

    TACOMA, Wash. - Washington State Patrol believes faulty brakes and speed contributed to a semi truck crash on the SR 16 interchange with northbound I-5 in Tacoma Tuesday evening.  Troopers say the truck was headed eastbound on SR 16 when it rolled on the rap to northbound I-5.  Trooper Brooke Bova tweeted photos form the scene, including one which showed the truck's brake lines tied together with a plastic grocery bag.  The 

    >>

    TACOMA, Wash. - Washington State Patrol believes faulty brakes and speed contributed to a semi truck crash on the SR 16 interchange with northbound I-5 in Tacoma Tuesday evening.  Troopers say the truck was headed eastbound on SR 16 when it rolled on the rap to northbound I-5.  Trooper Brooke Bova tweeted photos form the scene, including one which showed the truck's brake lines tied together with a plastic grocery bag.  The 

    >>
  • PHOTOS: Detectives identify woman believed to have fraudulently withdrawn hundreds of dollars

    PHOTOS: Detectives identify woman believed to have fraudulently withdrawn hundreds of dollars

    Wednesday, October 18 2017 7:03 PM EDT2017-10-18 23:03:15 GMT

    SPOKANE, Wash. - UPDATE: Detectives have identified the woman in the above photos thanks to help from the public.

    >>

    SPOKANE, Wash. - UPDATE: Detectives have identified the woman in the above photos thanks to help from the public.

    >>
HD DOPPLER 6i
/