Economy loses 85,000 jobs, unemployment rate steady - Spokane, North Idaho News & Weather KHQ.com

Economy loses 85,000 jobs, unemployment rate steady

File Photo File Photo
  • Also on KHQ.comMore>>

  • Wash. treasurer: State has cash flow problem

    Wash. treasurer: State has cash flow problem

    OLYMPIA, Wash. - The state treasurer says Gov. Chris Gregoire and the Legislature must act quickly to address a serious cash-flow problem.>>
    OLYMPIA, Wash. - The state treasurer says Gov. Chris Gregoire and the Legislature must act quickly to address a serious cash-flow problem. In a recent letter to top state officials, Treasurer Jim McIntire says the state could actually run out of money by September if the government's finances aren't addressed.>>
  • Study: Americans increasingly unhappy with their work

    Study: Americans increasingly unhappy with their work

    WASHINGTON. - If you're unhappy at work, you're in good company. A research group says job satisfaction is the lowest its been since the group began studying it 22 years ago.>>
    WASHINGTON. - If you're unhappy at work, you're in good company. A research group says job satisfaction is the lowest its been since the group began studying it 22 years ago. The Conference Board says only 45 percent of Americans say they're satisfied with their work. That's down from 49 percent in 2008, and 61 percent in 1987. The deep recession gets part of the blame, because it's become harder for some people to find challenging and suitable jobs.>>
  • Jobless claims fall, but hiring gains seem far off

    Jobless claims fall, but hiring gains seem far off

    WASHINGTON. - Although fewer people are claiming unemployment benefits, the number isn't yet low enough to signal that the economy is close to gaining jobs.>>
    WASHINGTON. - Although fewer people are claiming unemployment benefits, the number isn't yet low enough to signal that the economy is close to gaining jobs. Meanwhile, the federal deficit hit a record for October as the new budget year began where the old one ended, with the government awash in red ink. The Treasury Department says the deficit for October totaled $176.4 billion, even higher than the $150 billion imbalance that economists expected.>>
  • Fed officials warn that jobless rate will stay high

    Fed officials warn that jobless rate will stay high

    WASHINGTON. - Don't look for any easing of unemployment over the next several years.>>
    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.>>
  • Congress votes to aid jobless, homebuyers

    Congress votes to aid jobless, homebuyers

    WASHINGTON. - Congress is sending the president legislation to expand a popular homebuyers tax credit and extend unemployment benefits.>>
    WASHINGTON. - Congress is sending the president legislation to expand a popular homebuyers tax credit and extend unemployment benefits.>>
  • Obama: Private, public sectors must create jobs

    Obama: Private, public sectors must create jobs

    WASHINGTON. - President Barack Obama says the public and private sectors must find more ways to create jobs to continue the nation's climb out of an economic recession.>>
    WASHINGTON. - President Barack Obama says the public and private sectors must find more ways to create jobs to continue the nation's climb out of an economic recession. Meanwhile, government investigators say the U.S. government is unlikely to recover all of its investment in General Motors or Chrysler because the companies' value would need to "grow substantially above what they have been in the past.">>

WASHINGTON. - An economist says today's jobless report shows "Main Street doesn't believe there's a recovery yet." Jonathan Basile says people aren't yet out looking for jobs.
     
The Labor Department says the unemployment rate stayed at 10 percent, with a loss of 85,000 jobs last month. Analysts expected a drop of 8,000.
     
Some economists say there's an improvement trend. The economy lost an average of nearly 700,000 jobs in the first three months of last year, compared with 69,000 in the fourth quarter.
     
Economist Nigel Gault says private companies added jobs for the second straight month, but most were temporary workers.
     
Layoffs continue. UPS said today it will cut 1,800 jobs, and Lockheed Martin is cutting 1,200 workers. That's less than one percent of its workforce.

Obama to announce more spending on green jobs

President Barack Obama plans to announce more government spending to create tens of thousands of green jobs as the nation is weighed down by an unemployment rate stuck at 10 percent.
     
The White House says Obama on Friday will announce projects that will help develop solar and wind power and energy management technologies. The funding is part of the $787 billion economic stimulus package Congress approved early last year.
     
Obama plans to talk Friday about the steps he's taking to combat unemployment. The government says 85,000 jobs were shed in December.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Upriver/Beacon Fire 0 percent contained, no road closures in place

    Upriver/Beacon Fire 0 percent contained, no road closures in place

    Wednesday, July 18 2018 7:40 PM EDT2018-07-18 23:40:57 GMT

    SPOKANE VALLEY, Wash. - Firefighters say all roads closed while crews work to contain the Upriver Beacon fire have been reopened Wednesday afternoon. The fire remains 0 percent contained, but firefighters continue to strengthen the line around the fire and expect containment numbers to go up soon. Upriver Drive was closed east of Frederick and west of Argonne overnight Tuesday, but was reopened Wednesday afternoon. No road closures are in place.

    >>

    SPOKANE VALLEY, Wash. - Firefighters say all roads closed while crews work to contain the Upriver Beacon fire have been reopened Wednesday afternoon. The fire remains 0 percent contained, but firefighters continue to strengthen the line around the fire and expect containment numbers to go up soon. Upriver Drive was closed east of Frederick and west of Argonne overnight Tuesday, but was reopened Wednesday afternoon. No road closures are in place.

    >>
  • Post Falls man dies in Spokane Valley crash

    Post Falls man dies in Spokane Valley crash

    Wednesday, July 18 2018 1:13 AM EDT2018-07-18 05:13:40 GMT

    SPOKANE VALLEY, Wash. - A Post Falls man died in a collision involving a motorcycle and semi truck Tuesday afternoon in Spokane Valley. Around 3:53 p.m., a Peterbilt semi-truck was heading westbound on Trent turning north into a private parking lot from the second lane when a Suzuki motorcycle in the first lane turned in front of the semi and collided. The driver of the motorcycle, 65-year-old Michael Arnold of Post Falls, was pronounced dead at the scene. 

    >>

    SPOKANE VALLEY, Wash. - A Post Falls man died in a collision involving a motorcycle and semi truck Tuesday afternoon in Spokane Valley. Around 3:53 p.m., a Peterbilt semi-truck was heading westbound on Trent turning north into a private parking lot from the second lane when a Suzuki motorcycle in the first lane turned in front of the semi and collided. The driver of the motorcycle, 65-year-old Michael Arnold of Post Falls, was pronounced dead at the scene. 

    >>
  • Fire lined vs. fire containment: What's the difference?

    Fire lined vs. fire containment: What's the difference?

    Wednesday, July 18 2018 1:48 PM EDT2018-07-18 17:48:19 GMT

    SPOKANE VALLEY, Wash. - We've had a lot of questions about what firefighters  are talking about when they say that the fire is 100 percent lined, but that the Upriver-Beacon fire is 0% contained. Here's the gist, according to firefighters: Containment is essentially their faith in the strength of the fire line. So when they say there is a line around 100 percent of the fire, but 0 percent containment, it means they are concerned that the fire could jump the line.

    >>

    SPOKANE VALLEY, Wash. - We've had a lot of questions about what firefighters  are talking about when they say that the fire is 100 percent lined, but that the Upriver-Beacon fire is 0% contained. Here's the gist, according to firefighters: Containment is essentially their faith in the strength of the fire line. So when they say there is a line around 100 percent of the fire, but 0 percent containment, it means they are concerned that the fire could jump the line.

    >>
HD DOPPLER 6i
/