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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  • PHOTOS: Westbound I-90 at Ellensburg back open after 16 vehicle crash

    PHOTOS: Westbound I-90 at Ellensburg back open after 16 vehicle crash

    Saturday, February 17 2018 5:23 PM EST2018-02-17 22:23:29 GMT

    CLE ELUM, Wash. - UPDATE: Washington State Department of Transportation says I-90 at Ellensburg is back open following a major crash Saturday morning. Westbound lanes were closed for several hours Saturday. Washington State Patrol urges drivers to use caution as conditions can change quickly.

    >>

    CLE ELUM, Wash. - UPDATE: Washington State Department of Transportation says I-90 at Ellensburg is back open following a major crash Saturday morning. Westbound lanes were closed for several hours Saturday. Washington State Patrol urges drivers to use caution as conditions can change quickly.

    >>
  • Second Bonners Ferry teen found safe in North Dakota

    Second Bonners Ferry teen found safe in North Dakota

    Sunday, February 18 2018 11:10 AM EST2018-02-18 16:10:32 GMT

    BOUNDARY COUNTY, Idaho - UPDATE: The Boundary County Sheriff's Office confirmed Saturday afternoon that Alisa Hannaman has been found and is safe. The sheriff's office says the other girl, 13-year-old Kaia Kramer is still missing as of Saturday afternoon. 

    >>

    BOUNDARY COUNTY, Idaho - UPDATE: The Boundary County Sheriff's Office confirmed Saturday afternoon that Alisa Hannaman has been found and is safe. The sheriff's office says the other girl, 13-year-old Kaia Kramer is still missing as of Saturday afternoon. 

    >>
  • Day care owner pleads guilty to trying to kill toddler

    Day care owner pleads guilty to trying to kill toddler

    Saturday, February 17 2018 10:46 PM EST2018-02-18 03:46:19 GMT

    MINNEAPOLIS (AP) - A Minneapolis day care owner has pleaded guilty to trying to kill a toddler in her home.    Forty-three-year-old Nataliia Karia entered the plea to attempted murder and third-degree assault. She also pleaded guilty to criminal vehicular operation of a vehicle for hitting a pedestrian, a bicyclist and another driver as she fled from her home in a minivan.

    >>

    MINNEAPOLIS (AP) - A Minneapolis day care owner has pleaded guilty to trying to kill a toddler in her home.    Forty-three-year-old Nataliia Karia entered the plea to attempted murder and third-degree assault. She also pleaded guilty to criminal vehicular operation of a vehicle for hitting a pedestrian, a bicyclist and another driver as she fled from her home in a minivan.

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