Fed officials warn that jobless rate will stay high - Spokane, North Idaho News & Weather KHQ.com

Fed officials warn that jobless rate will stay high

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  • ECONOMY

    Jobless rate tops 10 pct. for first time since 1983

    Jobless rate tops 10 pct. for first time since 1983

    WASHINGTON. - The unemployment rate has surpassed 10 percent for the first time since 1983 and is likely to go higher. >>
    WASHINGTON. - The unemployment rate has surpassed 10 percent for the first time since 1983 and is likely to go higher. Nearly 16 million people can't find jobs even though the worst recession since the Great Depression has apparently ended. Meanwhile, Longtime jobless people and prospective homebuyers will be the main beneficiaries when President Barack Obama signs a $24 billion economic stimulus bill Friday.>>

WASHINGTON. - Don't look for any easing of unemployment over the next several years.

That assessment comes from Federal Reserve officials, who warn that the jobless rate will probably remain high because the economic recovery won't be strong enough to spur a lot of hiring.

The comments from the presidents of regional Fed banks in San Francisco and Atlanta are the first public words from Fed officials since the government reported last week that the jobless rate is now 10.2 percent.

The Fed officials warn that rising unemployment could put a crimp on consumer activity, and restrain the recovery.

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  • Changes coming to Washington State ID's starting July 1st

    Changes coming to Washington State ID's starting July 1st

    Friday, June 22 2018 10:01 PM EDT2018-06-23 02:01:48 GMT

    Spokane, Wash. Starting July 1st, 2018 all standard Washington State ID cards will be marked with "Federal Limits Apply" on the top right corner. The driver's license is still good for driving and standard identification but those three words indicate that the ID is not valid for federal identification purposes. The ID cannot be used to board a plane or enter federal buildings starting October 1st, 2020. The real id act is a federal law, which was passed by congress in 2005...

    >>

    Spokane, Wash. Starting July 1st, 2018 all standard Washington State ID cards will be marked with "Federal Limits Apply" on the top right corner. The driver's license is still good for driving and standard identification but those three words indicate that the ID is not valid for federal identification purposes. The ID cannot be used to board a plane or enter federal buildings starting October 1st, 2020. The real id act is a federal law, which was passed by congress in 2005...

    >>
  • Former Mead High School teacher accused of sexual relationship with student out on bail

    Former Mead High School teacher accused of sexual relationship with student out on bail

    Friday, June 22 2018 10:03 PM EDT2018-06-23 02:03:14 GMT

    Spokane, Wash. The 37-year-old former Mead High School spanish teacher was arrested last month accused of having sex with a student. Perez pleaded not guilty to the charge. But the judge set his bond at $100,000. It may have stayed that high if not for a letter from his wife to the judge. In the letter, Perez's wife pleaded with the judge to reduce the bond. Saying she works and overnight schedule and during the summer when Perez is off, she needs him at home to help with their three...

    >>

    Spokane, Wash. The 37-year-old former Mead High School spanish teacher was arrested last month accused of having sex with a student. Perez pleaded not guilty to the charge. But the judge set his bond at $100,000. It may have stayed that high if not for a letter from his wife to the judge. In the letter, Perez's wife pleaded with the judge to reduce the bond. Saying she works and overnight schedule and during the summer when Perez is off, she needs him at home to help with their three...

    >>
  • Viral Post: 15-year-old girl helps blind, deaf man on Alaska flight

    Viral Post: 15-year-old girl helps blind, deaf man on Alaska flight

    Saturday, June 23 2018 2:08 AM EDT2018-06-23 06:08:40 GMT

    A 15-year-old girl's generosity has gone viral according to a Facebook post with nearly 300,000 shares. The post from Lynette Scribner describes a man, Tim Cook, who is both deaf and blind who was flying home to Portland unaccompanied after visiting his sister in Boston. 

    >>

    A 15-year-old girl's generosity has gone viral according to a Facebook post with nearly 300,000 shares. The post from Lynette Scribner describes a man, Tim Cook, who is both deaf and blind who was flying home to Portland unaccompanied after visiting his sister in Boston. 

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