Fed: Recovery spreads but doesn't spur hiring - Spokane, North Idaho News & Weather KHQ.com

Fed: Recovery spreads but doesn't spur hiring

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  • Economy loses 85,000 jobs, unemployment rate steady

    Economy loses 85,000 jobs, unemployment rate steady

    WASHINGTON. - An economist says today's jobless report shows "Main Street doesn't believe there's a recovery yet.">>
    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. 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.>>
  • Obama lays out initiative to relieve joblessness

    Obama lays out initiative to relieve joblessness

    WASHINGTON. - President Barack Obama says staggering job losses mean the country must continue to "spend our way out of this recession" with a round of new incentives for hiring.>>
    WASHINGTON. - President Barack Obama says staggering job losses mean the country must continue to "spend our way out of this recession" with a round of new incentives for hiring. Meanwhile, the CEOs of America's largest companies do not expect employment to significantly improve in the next six months.>>
  • 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.>>

WASHINGTON. - The economic recovery is spreading to more parts of the country but has yet to spur companies to ramp up hiring.
     
A new Federal Reserve survey underscores the duality of the economic turnaround: even as the economy grows and the recovery extends its reach geographically, more than 15 million people remain unemployed.
     
The Fed says that although "economic activity remains at a low level, conditions have improved modestly further." However, the Fed also notes that "labor market conditions remained soft" in
most of the Fed's 12 regions as the new year started.

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  • Court Docs: Spokane Valley man charged with beating toddler now being investigated for sexual assault

    Court Docs: Spokane Valley man charged with beating toddler now being investigated for sexual assault

    Tuesday, December 12 2017 4:58 PM EST2017-12-12 21:58:28 GMT

    SPOKANE, Wash. - A 22-year-old Spokane Valley man already in custody for allegedly beating his girlfriend's 21-month-old daughter is now being investigated for possibly sexually abusing her as well. Detectives said DNA was recovered during a sexual assault kit that indicates the victim was sexually abused.  Court documents identify the suspect as Brandon Oquendo. 

    >>

    SPOKANE, Wash. - A 22-year-old Spokane Valley man already in custody for allegedly beating his girlfriend's 21-month-old daughter is now being investigated for possibly sexually abusing her as well. Detectives said DNA was recovered during a sexual assault kit that indicates the victim was sexually abused.  Court documents identify the suspect as Brandon Oquendo. 

    >>
  • Electronics stolen from North Spokane home before Christmas

    Electronics stolen from North Spokane home before Christmas

    Tuesday, December 12 2017 2:16 AM EST2017-12-12 07:16:24 GMT

    SPOKANE, Wash.- A North Spokane family is hoping to find the thieves who stole not just from their Christmas but from the people whose belongings they were repairing. Kevin and Ronnie Ryno say they've never had a problem with theft until Monday. 

    >>

    SPOKANE, Wash.- A North Spokane family is hoping to find the thieves who stole not just from their Christmas but from the people whose belongings they were repairing. Kevin and Ronnie Ryno say they've never had a problem with theft until Monday. 

    >>
  • Toddler signs for help while sitting on Santa's lap

    Toddler signs for help while sitting on Santa's lap

    Sunday, December 10 2017 7:43 PM EST2017-12-11 00:43:17 GMT

    OWING MILLS, Md.  - A family in Maryland is going viral after they brought their 1-year-old son to take a photo with Santa Claus and the results are hilarious. Kerry Spencer tweeted out the photo last week. She captioned it, "We taught our baby sign language. This is the sign for 'help.' You're welcome."

    >>

    OWING MILLS, Md.  - A family in Maryland is going viral after they brought their 1-year-old son to take a photo with Santa Claus and the results are hilarious. Kerry Spencer tweeted out the photo last week. She captioned it, "We taught our baby sign language. This is the sign for 'help.' You're welcome."

    >>
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