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467K jobs cut in June; jobless rate at 9.5 percent
July 2, 2009 in Business, Nation/World Employers cut a larger-than-expected 467,000 jobs in June, driving the unemployment rate up to a 26-year high of 9.5 percent, suggesting that the economy’s road to recovery will be bumpy.
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Recession hit like cold shower
July 1, 2009 in Business on Page A8 SAN FRANCISCO – How bad is this recession? Even sex doesn’t sell. That’s the glum assessment of those in the adult entertainment industry, hundreds of whom gathered last week for …
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So far, summer’s a retail bummer
June 30, 2009 in Business on Page A8 NEW YORK — As consumers get ready to celebrate July Fourth, many merchants already have dismissed summer as a washout. Macy’s flagship store has racks of summer tops, swimwear and …
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Economic data offer some hope
June 25, 2009 in Business on Page A8 WASHINGTON – New signals the recession could be nearing a bottom emerged Wednesday in figures showing that orders to U.S. factories surged last month for everything from computers to aircraft …
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Program offers foreclosure legal help
June 24, 2009 in City on Page A6
A new legal assistance program aims to help homeowners facing foreclosure. The Home Foreclosure Legal Aid Project is available to those who need legal advice to sort through the foreclosure …
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Spokane airport revenues trail budget
June 18, 2009 in Business on Page A8
Spokane International Airport revenues are running more than $2 million below budget, a shortfall airlines serving Spokane will have to cover if passenger boardings do not rebound by the end …
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Business in brief: Company lays off 39 Spokane workers
June 16, 2009 in Business on Page A10 New York-based Guardian Life Insurance has laid off 39 workers in its north Spokane office, the company announced Monday. Guardian’s operation, at Magnesium Road and Nevada Street, has about 480 …
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Wealth drops to 2004 level
June 12, 2009 in Business on Page A14 WASHINGTON – The brute force of the recession earlier this year turned back the clock on Americans’ personal wealth to 2004 and wiped out a staggering $1.3 trillion as home …
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Fed survey finds signs that recession is easing
June 11, 2009 in Business on Page A8 WASHINGTON – The economy’s sharp slide eased in the late spring and hopes for future business activity improved, suggesting that the worst of the recession has passed. A Federal Reserve …
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A few bright spots emerge in tough national job market
June 9, 2009 in Nation/World WASHINGTON — Signs of stabilization in the job market are emerging, according to several private surveys, as restaurants, mortgage servicers and health centers step up hiring. About a quarter of …
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Then and now such worlds apart
June 7, 2009 in City on Page B1
It’s been a grave new world ever since the economy went down like a slaughterhouse steer. Pay cuts. Depression. Sudden fits of uncontrollable wailing …
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Why kindness matters
June 6, 2009 in Features on Page E1
Several months ago, Kent Hoffman, a 61-year-old Spokane psychotherapist, e-mailed The Spokesman-Review with the suggestion that the newspaper publish a front-page story every day about acts of kindness. He believed …
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Bad economy has silver lining
June 6, 2009 in City on Page B1
Once, I sat through an excruciating orchestral rendition of “The Nutcracker Suite.” You know the famous part that goes, “Dah-da-da-dah-dut-dah”?
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Number of unemployed declines nationally
June 4, 2009 in News WASHINGTON— The number of people on the unemployment insurance rolls fell slightly for the first time in 20 weeks, while the tally of new jobless claims also dipped, the government …
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Foreclosures oust renters from homes
June 4, 2009 in City on Page A1 Stefanie Tietge has been faithfully paying the rent. Her landlord can’t say the same thing about the mortgage, though, so the Spokane Valley home where Tietge, her fiancé and their …
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Renters in foreclosed homes feel the pinch
June 3, 2009 in City Stefanie Tietge has been faithfully paying the rent. Her landlord can’t say the same thing about the mortgage, though, so the Spokane Valley home where Tietge, her fiance and their …
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Economic indicators offer hope
June 2, 2009 in Business on Page A10 WASHINGTON – Fresh signs emerged Monday that the recession is letting up. Manufacturing’s slide is slowing. Builders are boosting spending on construction projects – including homes. And consumers aren’t cutting …
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U.S. consumers stoke spark of hope
May 27, 2009 in Business on Page A10 NEW YORK – Even with unemployment still rising and home prices still slumping, Americans’ confidence in the economy is returning. A widely watched barometer of confidence unexpectedly rose to the …
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Consumer confidence soars in May
May 26, 2009 in Business, Nation/World Consumer confidence extended its rebound in May, soaring to the highest level since last September as more shoppers are feeling the worst of the recession is behind them.
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Economy leaving some seniors stuck in their homes
May 24, 2009 in Business on Page E1 Kenneth Lalonde would like to move into a retirement community. At 72, he has problems with his vision and a “bum knee,” and he uses a cane to get around. …
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