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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  • Spokane chef gets stolen car, knife back

    Spokane chef gets stolen car, knife back

    Saturday, October 21 2017 12:25 AM EDT2017-10-21 04:25:18 GMT

    SPOKANE, Wash. - It's been a tough week for Keegan Jones. Last Friday his Mazda Protege was stolen. Leaving him depending on friends to help get to work. Not only was his car stolen, but something else he relies on for his livelihood.

    >>

    SPOKANE, Wash. - It's been a tough week for Keegan Jones. Last Friday his Mazda Protege was stolen. Leaving him depending on friends to help get to work. Not only was his car stolen, but something else he relies on for his livelihood.

    >>
  • Spokane police investigating body found in dumpster

    Spokane police investigating body found in dumpster

    Friday, October 20 2017 6:54 PM EDT2017-10-20 22:54:15 GMT

    SPOKANE, Wash. - Spokane Police say they are investigating an unattended death after they responded to a report of a deceased woman found in a dumpster of a business in the 2900 block of E. 27th Ave. Friday morning. Spokane Police Officers and Major Crimes Unit (MCU) Detectives responded to the scene for the investigation around 9:30 a.m.

    >>

    SPOKANE, Wash. - Spokane Police say they are investigating an unattended death after they responded to a report of a deceased woman found in a dumpster of a business in the 2900 block of E. 27th Ave. Friday morning. Spokane Police Officers and Major Crimes Unit (MCU) Detectives responded to the scene for the investigation around 9:30 a.m.

    >>
  • Idaho woman arrested following death of 20-month-old child

    Idaho woman arrested following death of 20-month-old child

    Saturday, October 21 2017 5:27 PM EDT2017-10-21 21:27:17 GMT

    TWIN FALLS, Idaho (AP) - Police have arrested a south-central Idaho woman following the death of her 20-month-old child. Authorities arrested 22-year-old Amanda Dunlap of Twin Falls in Boise on Friday and booked her into the Ada County Jail.

    >>

    TWIN FALLS, Idaho (AP) - Police have arrested a south-central Idaho woman following the death of her 20-month-old child. Authorities arrested 22-year-old Amanda Dunlap of Twin Falls in Boise on Friday and booked her into the Ada County Jail.

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