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 Police find body of teenage boy in Hangman Valley area

    Spokane Police find body of teenage boy in Hangman Valley area

    Wednesday, June 28 2017 7:46 PM EDT2017-06-28 23:46:32 GMT

    SPOKANE, Wash. - Spokane Police say officers found the body of a teenage boy in the Hangman Valley area early Wednesday morning. Officer Ben Green would not give an exact location where the body was found, but did say family reported the boy missing earlier in the day. Officers would not officially identify the young man, but according to The Spokesman Review, who cited SPD, it appears he committed suicide. 

    >>

    SPOKANE, Wash. - Spokane Police say officers found the body of a teenage boy in the Hangman Valley area early Wednesday morning. Officer Ben Green would not give an exact location where the body was found, but did say family reported the boy missing earlier in the day. Officers would not officially identify the young man, but according to The Spokesman Review, who cited SPD, it appears he committed suicide. 

    >>
  • Neighbors work together to bust burglar in West Central Spokane

    Neighbors work together to bust burglar in West Central Spokane

    Thursday, June 29 2017 2:10 AM EDT2017-06-29 06:10:16 GMT

    SPOKANE, Wash. - A burglar in Spokane got way more than he anticipated Wednesday when he picked the wrong neighborhood to target. Two men in the West Central neighborhood take their neighborhood watch to a whole new level. It's been a rough few weeks for Dominic Hoag and his family.

    >>

    SPOKANE, Wash. - A burglar in Spokane got way more than he anticipated Wednesday when he picked the wrong neighborhood to target. Two men in the West Central neighborhood take their neighborhood watch to a whole new level. It's been a rough few weeks for Dominic Hoag and his family.

    >>
  • Post Falls family says they're gravely concerned for missing daughter

    Post Falls family says they're gravely concerned for missing daughter

    Wednesday, June 28 2017 9:59 PM EDT2017-06-29 01:59:25 GMT

    POST FALLS, Idaho - "We want you back home and we want you safe,” Dave Bennett said. An emotional plea from Dave Bennett. “You've got a whole family, literally thousands of people, not just your immediate family who are in grave concern for you right now and love you so much and are so worried about you,” he said. It’ll be two weeks this Friday since Bennett last saw his daughter. 

    >>

    POST FALLS, Idaho - "We want you back home and we want you safe,” Dave Bennett said. An emotional plea from Dave Bennett. “You've got a whole family, literally thousands of people, not just your immediate family who are in grave concern for you right now and love you so much and are so worried about you,” he said. It’ll be two weeks this Friday since Bennett last saw his daughter. 

    >>
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