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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    Spokane family discovers their new home destroyed

    Saturday, November 18 2017 1:38 AM EST2017-11-18 06:38:51 GMT

    SPOKANE, Wash. - A family's dream home turned into a house of horrors after a man breaks in, destroying everything inside.  It was a day the Gunther family had been waiting for, to move into their new home. But when she checked on the place during her lunch break Thursday, Brittanie immediately knew something was wrong.   All of the work her family had done to get their new home ready was gone. "I don't even know what's really 

    >>

    SPOKANE, Wash. - A family's dream home turned into a house of horrors after a man breaks in, destroying everything inside.  It was a day the Gunther family had been waiting for, to move into their new home. But when she checked on the place during her lunch break Thursday, Brittanie immediately knew something was wrong.   All of the work her family had done to get their new home ready was gone. "I don't even know what's really 

    >>
  • AC/DC founding member Malcolm Young dead at 64

    AC/DC founding member Malcolm Young dead at 64

    Saturday, November 18 2017 10:34 AM EST2017-11-18 15:34:00 GMT

    NEW YORK (AP) - Malcolm Young, the rhythm guitarist and guiding force behind the Australian hard rock band AC/DC, has died. He was 64. AC/DC announced the death on their official Facebook page and website Saturday. The posts did not say when or where Young died. Young was diagnosed with dementia in 2014. A statement says he died peacefully with his family by his side.

    >>

    NEW YORK (AP) - Malcolm Young, the rhythm guitarist and guiding force behind the Australian hard rock band AC/DC, has died. He was 64. AC/DC announced the death on their official Facebook page and website Saturday. The posts did not say when or where Young died. Young was diagnosed with dementia in 2014. A statement says he died peacefully with his family by his side.

    >>
  • Navy issues updated statement on 'irresponsible and immature act' after obscene images drawn in skies over Okanogan Co.

    Navy issues updated statement on 'irresponsible and immature act' after obscene images drawn in skies over Okanogan Co.

    Friday, November 17 2017 4:50 PM EST2017-11-17 21:50:11 GMT

    OMAK, Wash. - I can picture the Austin Powers bit now.  The people of Omak looking up at the sky and seeing a giant (Fill in the blank innuendo here) just like in 1999's Austin Powers: The Spy Who Shagged Me. If you're unfamiliar, I'll save you a Google search.  A simple, yet effectively funny joke.  Except the U.S. Navy doesn't see humor in the real-life version at all.  

    >>

    OMAK, Wash. - I can picture the Austin Powers bit now.  The people of Omak looking up at the sky and seeing a giant (Fill in the blank innuendo here) just like in 1999's Austin Powers: The Spy Who Shagged Me. If you're unfamiliar, I'll save you a Google search.  A simple, yet effectively funny joke.  Except the U.S. Navy doesn't see humor in the real-life version at all.  

    >>
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