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.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Security cameras catch stranger touching himself in Spokane woman's backyard

    Security cameras catch stranger touching himself in Spokane woman's backyard

    Sunday, August 20 2017 8:27 PM EDT2017-08-21 00:27:40 GMT

    SPOKANE, Wash. - One family is absolutely shocked after what they found a man doing in their backyard. Denise says she was at home doing her nails, when her daughter Jenay took the dog outside to go to the bathroom. “The dog charged and chased something out of the yard,” she says. They noticed a shadow so they went to review the surveillance video. 

    >>

    SPOKANE, Wash. - One family is absolutely shocked after what they found a man doing in their backyard. Denise says she was at home doing her nails, when her daughter Jenay took the dog outside to go to the bathroom. “The dog charged and chased something out of the yard,” she says. They noticed a shadow so they went to review the surveillance video. 

    >>
  • Florida man busted for stealing a car while watching eclipse

    Florida man busted for stealing a car while watching eclipse

    Tuesday, August 22 2017 12:47 AM EDT2017-08-22 04:47:40 GMT

    KISSIMMEE, Fla. - The Orange County Sheriff's Office in Florida reports a man got busted for stealing a vehicle Monday and was taken into custody while he was watching the solar eclipse.  Officers say 22-year-old Jocsan Feliciano Rosado stole a car Monday and was being followed by deputies when he stopped at a store to buy a welder's helmet in order to safely view the eclipse.

    >>

    KISSIMMEE, Fla. - The Orange County Sheriff's Office in Florida reports a man got busted for stealing a vehicle Monday and was taken into custody while he was watching the solar eclipse.  Officers say 22-year-old Jocsan Feliciano Rosado stole a car Monday and was being followed by deputies when he stopped at a store to buy a welder's helmet in order to safely view the eclipse.

    >>
  • Attempted copper theft leads to damage at Greater Spokane County Meals on Wheels

    Attempted copper theft leads to damage at Greater Spokane County Meals on Wheels

    Tuesday, August 22 2017 2:04 AM EDT2017-08-22 06:04:38 GMT

    SPOKANE, Wash. - A local organization on a mission to do good was hit with some pretty bad damage. The assistant director of Greater Spokane County Meals on Wheels says he woke up to a security alert early Sunday morning and what he found baffled him. "Somebody had attempted to steal some copper piping by ripping the spigot out of the side of the wall," said Mark Laskowski, the Assistant Director with Greater Spokane County Meals on Wheels.

    >>

    SPOKANE, Wash. - A local organization on a mission to do good was hit with some pretty bad damage. The assistant director of Greater Spokane County Meals on Wheels says he woke up to a security alert early Sunday morning and what he found baffled him. "Somebody had attempted to steal some copper piping by ripping the spigot out of the side of the wall," said Mark Laskowski, the Assistant Director with Greater Spokane County Meals on Wheels.

    >>
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