Stocks slide on unexpected rise in jobless claims - Spokane, North Idaho News & Weather KHQ.com

Stocks slide on unexpected rise in jobless claims

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    WASHINGTON. - The economy grew for a second straight quarter from October through December, posting a 5.7 percent annual rate, the fastest pace since the third quarter of 2003. The Commerce Department report is the strongest evidence to date that the worst recession since the 1930s ended last year. Meanwhile, wages and benefits were up 1.5 percent, the weakest showing on records that go back to 1982.>>
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    WASHINGTON. - The day before his State Of The Union speech and his prime time effort to win back lost support, President Obama got a devastating projection on the nation's key issue: the economy.>>
    WASHINGTON. - The day before his State Of The Union speech and his prime time effort to win back lost support, President Obama got a devastating projection on the nation's key issue: the economy. Unemployment will stay at or above 10 percent for the rest of this year and improve only slightly next year.>>

NEW YORK, N.Y. - Stocks are tumbling as disappointing jobless claims numbers have investors worrying about the government's upcoming January jobs report.
     
At the same time, more trouble for debt-strapped European governments is unnerving investors and driving safe haven holdings like the dollar and Treasurys sharply higher.
     
Claims for unemployment benefits rose by 8,000 to 480,000 last week, the Labor Department says. Investors had hoped for a drop.

The report has chilled expectations that the government's January jobs report, due out Friday, will show that employers added workers last month.
     
Meanwhile, retailers are seeing more signs of hope that a spending recovery that began late last year is being sustained.
     
Shoppers in January were buying a little more clothing at mall stores, delivering some solid gains for many retailers.
     
Fourth-quarter profits from last year are also looking brighter.

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  • Spokane Police find body of teenage boy in Hangman Valley area

    Spokane Police find body of teenage boy in Hangman Valley area

    Wednesday, June 28 2017 7:46 PM EDT2017-06-28 23:46:32 GMT

    SPOKANE, Wash. - Spokane Police say officers found the body of a teenage boy in the Hangman Valley area early Wednesday morning. Officer Ben Green would not give an exact location where the body was found, but did say family reported the boy missing earlier in the day. Officers would not officially identify the young man, but according to The Spokesman Review, who cited SPD, it appears he committed suicide. 

    >>

    SPOKANE, Wash. - Spokane Police say officers found the body of a teenage boy in the Hangman Valley area early Wednesday morning. Officer Ben Green would not give an exact location where the body was found, but did say family reported the boy missing earlier in the day. Officers would not officially identify the young man, but according to The Spokesman Review, who cited SPD, it appears he committed suicide. 

    >>
  • Body found in SUV in downtown Spokane

    Body found in SUV in downtown Spokane

    Wednesday, June 28 2017 2:04 AM EDT2017-06-28 06:04:38 GMT

    SPOKANE, Wash. - Spokane Police are investigating Tuesday after a body was found inside an SUV in a parking lot near 2nd and Division.  Details are limited, but heavy police activity was reported around 4 p.m.  KHQ's Patrick Erickson reports that people inside the SUV spotted an ambulance in the parking lot of the 7-11 store and asked for help. Paramedics found a man dead inside.

    >>

    SPOKANE, Wash. - Spokane Police are investigating Tuesday after a body was found inside an SUV in a parking lot near 2nd and Division.  Details are limited, but heavy police activity was reported around 4 p.m.  KHQ's Patrick Erickson reports that people inside the SUV spotted an ambulance in the parking lot of the 7-11 store and asked for help. Paramedics found a man dead inside.

    >>
  • Fairchild Airman found dead in dorm

    Fairchild Airman found dead in dorm

    Tuesday, June 27 2017 7:53 PM EDT2017-06-27 23:53:24 GMT

    FAIRCHILD AIR FORCE BASE, Wash. - An Airman assigned to the 92nd Air Refueling Wing was found dead in their dorm room Tuesday afternoon.  A representative from Fairchild Air Force Base says the airman was found at around 2 p.m. The cause of death is under investigation by the Air Force Office of Special investigations.

    >>

    FAIRCHILD AIR FORCE BASE, Wash. - An Airman assigned to the 92nd Air Refueling Wing was found dead in their dorm room Tuesday afternoon.  A representative from Fairchild Air Force Base says the airman was found at around 2 p.m. The cause of death is under investigation by the Air Force Office of Special investigations.

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