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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  • WATCH: Car kick sparks chain-reaction crash on California highway

    WATCH: Car kick sparks chain-reaction crash on California highway

    Saturday, June 24 2017 4:40 PM EDT2017-06-24 20:40:35 GMT

    SANTA CLARITA, Calif. - A case of road rage caused a chain-reaction crash on a California freeway on Wednesday and a driver caught the whole thing on video. It happened around 6 a.m. on the southbound 14 Freeway near Newhall in Santa Clarita. Witness Chris Traber started recording when he saw a gray sedan cut off the motorcyclist.

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    SANTA CLARITA, Calif. - A case of road rage caused a chain-reaction crash on a California freeway on Wednesday and a driver caught the whole thing on video. It happened around 6 a.m. on the southbound 14 Freeway near Newhall in Santa Clarita. Witness Chris Traber started recording when he saw a gray sedan cut off the motorcyclist.

    >>
  • Seattle police: No choice but lethal force in fatal shooting

    Seattle police: No choice but lethal force in fatal shooting

    Saturday, June 24 2017 5:21 PM EDT2017-06-24 21:21:01 GMT

    SEATTLE (AP) - Two Seattle police officers who shot and killed a 30-year-old pregnant woman each say they fired their weapons after the woman suddenly pulled a knife and came after them.  The Seattle Times reports that the Seattle Police Department late Friday released transcripts of interviews with the officers involved the June 18 fatal shooting of Charleena Lyles.

    >>

    SEATTLE (AP) - Two Seattle police officers who shot and killed a 30-year-old pregnant woman each say they fired their weapons after the woman suddenly pulled a knife and came after them.  The Seattle Times reports that the Seattle Police Department late Friday released transcripts of interviews with the officers involved the June 18 fatal shooting of Charleena Lyles.

    >>
  • Spokane Valley crews respond to fire at scrap yard

    Spokane Valley crews respond to fire at scrap yard

    Saturday, June 24 2017 7:20 PM EDT2017-06-24 23:20:58 GMT

    SPOKANE VALLEY, Wash. - Spokane Valley Fire crews responded to the area of Knox and Felt Saturday afternoon for a reported car fire. Black smoke could be seen from I-90 as fire crews battled the blaze that spread to several cars in the Pull and Save auto parts store in Spokane Valley.

    >>

    SPOKANE VALLEY, Wash. - Spokane Valley Fire crews responded to the area of Knox and Felt Saturday afternoon for a reported car fire. Black smoke could be seen from I-90 as fire crews battled the blaze that spread to several cars in the Pull and Save auto parts store in Spokane Valley.

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