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There was good news in employment in both Washington and Idaho this week.
Idaho finished 2014 with an unemployment rate of 3.7 percent in December, which represents a seven-year low, according to preliminary state forecasts.
In Washington, the jobless rate rose slightly in December to 6.3 percent, but the big news from the state Employment Security Department is that employment growth last year was the highest in 17 years. The department estimates employment increased by nearly 83,000 jobs, the highest since 1997.
It’s a strange thing when you find something from the past that’s every bit as relevant now as it was when it originated - it really makes you put time into perspective. 2007 seems like ages ago, and our world today is certainly a lot different than it was then, but some things never really change. Take a look at the following post Bart Mihailovich and I wrote on November, 21, 2007 - almost five years ago - on the old wordpress blog. The economy slugs along, our environmental priorities less serious, and there’s probably better links to information on greenwashing, but aside from that - this post reads the same today as it did back then.
“There is a sufficiency in the world for man’s need but not for man’s greed.”- Ghandi
As a little kid, Thanksgiving meant three simple things, hanging out with cousins you didn’t get to see regularly, sitting at the kids table, having kid conversations, essentially living in our own kid world and knowing that leftover turkey in a sandwich would be lunch for about a week. Oh the good old days.
We all want to know how the economy is doing these days, don't we? The Greater Spokane Valley Chamber of Commerce will host their monthly Business Connections breakfast at 6:30 a.m. Friday at the Mirabeau Park Hotel, 1100 N. Sullivan Road. The featured speaker will be Grant Forsyth, Chief Economist at Avista Corp., who will give a mid-year economic update. The program will begin at 7 a.m. The cost is $25 for members or $35 for non-members. Call (509) 924-4994 or visit www.spokanevalleychamber.org to register.
Spokane County had fewer businesses in 2011 than it did in pre-recession 2007, new Census figures show. Annual payroll was down and the number of businesses in all size categories had fallen — except one. That category is businesses with more than 1,000 employees.
There were nine businesses with 1,000 or more paid employees in 2011, up from seven in 2007, Census data shows.
The report, called “County Business Patterns: 2011,” doesn’t break down employers by name.
But according to the Journal of Business Book of Lists, the over-1,000 crowd for 2011 includes Spokane’s two big hospitals and Rockwood Clinic; URM and Wal-Mart; Avista; Northern Quest Casino; West Corp., the big call-center company; and Gonzaga University. The Census table doesn’t include most government employees.
Spokane County had 12,151 business establishments in 2011, compared with 12,961 in 2007. The largest category is very small businesses, with one to four employees. There were 6,410 such businesses in 2011, down from 6,648 in 2007.
Things are tough all over – even, it turns out, in the acoustic and architectural wonderland of the Fox Theater. A labor dispute has erupted between the Spokane Symphony’s musicians and administrators, and the tune is depressingly familiar: The economy is doing a number on an organization, and the resulting scramble to keep the ship afloat has resulted in cuts in staff, pay and morale. After months of negotiations, the symphony has imposed a contract on the musicians that amounts to a 13 percent pay cut. That comes after musicians agreed to a 10 percent pay cut in 2009 and gave up contracted raises last year to help the struggling symphony, musicians say. “It’s really disrespectful of the musicians,” said Alaina Bercilla, 30, the 2nd flute/piccolo in the orchestra. “It’s difficult not to take it personally and not be offended by what they’re offering us”/Shawn Vestal, SR. More here.
Question: Are you a Spokane Symphony fan?
The unemployment rate in Idaho fell to 7.1 percent in September, the lowest rate since May 2009 and down from 7.4 percent in August.
But the state also has seen its labor force shrink four straight months, including the first August-September decline since the 1986 recession, the Idaho Department of Labor said Friday.
Employers in Idaho expanded payrolls last month at a higher rate than in the past five years, and at a slightly faster pace than during the expansion of 2003-07, the state reported.
Another 1,200 workers were on the job in September, pushing total employment to 720,600 – its highest level in four years – and breaking a two-month employment slide.
The jobless rate last month fell to 9 percent in Kootenai County; it was 11.5 percent a year ago. The rate hit 8.1 percent in Coeur d’Alene last month, down from 10.7 percent in September 2011.
Elsewhere in North Idaho, the September rate was 12.4 percent in Benewah County, 10.3 percent in Bonner County, 10.2 percent in Boundary County, and 12.1 percent in Shoshone County.
What if North Idaho College didn't exist? A recent economic impact study shows there would be a $164.6 million hole in the region's economy. Conducted by EMSI (Economic Modeling Specialists, Intl.), the results of the study were presented to trustees Wednesday during their regular monthly meeting. "This is a really important study to undertake because, especially in our current economy, education is perceived as a budget item, a cost item, and not an investment," said Gabriel Rench, a representative of the Moscow-based EMSI. EMSI analyzed NIC's investment value to students and taxpayers and also reviewed the college's effect on the economic growth of Idaho's five northern regions/Maureen Dolan, Coeur d'Alene Press. More here.
Question: And you wonder why the election for the Board of Trustees for North Idaho College is important?
The unemployment rate fell in August across North Idaho and statewide, due in part to fewer people seeking jobs.
The Idaho rate fell to 7.4 percent, down slightly from July. In Kootenai County, the August jobless rate was 9 percent, down from 9.3 percent the month before.
The rate was lower in Bonner, Boundary, Benewah and Shoshone counties as well.
The loss of 2,600 workers from the state’s labor force – the first July-to-August decline since 1980 – offset an increase in hiring by employers at a rate just above their recession-era average, said Bob Fick, spokesman for the Idaho Department of Labor.
The August jobless rate statewide was the lowest in more than three years, but it also was the third straight month Idaho’s labor force has contracted, Fick explained.
The loss of more than 5,500 from the workforce through the summer was the largest three-month exodus of workers on record in the state and has left the labor force at its lowest level since January.
Still, there were 17,000 more people working in Idaho in August than a year earlier, and 11,000 fewer unemployed. In the past 13 months, the jobless rate has dropped a point and a half from a recession high of 8.9 percent.
Employers may be picking up their hiring, Fick said. Businesses report hiring 18,400 workers in August, mostly to replace workers who retired, were fired, found other jobs or left for some other reason. That rate of hiring matches the average August new hires during the economic expansion from 2003 through 2007, he said.
Taxable retail sales as well as retail trade fell in Spokane last year, unlike most other metro areas, including its plucky offspring, Spokane Valley.
Taxable sales totaled $3.6 billion in Spokane in 2011, a 1.2 percent dip over 2010, the state Department of Revenue said today.
And retail trade, a component of all taxable sales that includes retailers but excludes other industries, was $1.8 billion in Spokane last year. That's a decline of 2.3 percent over 2010.
The numbers were better elsewhere. Statewide, taxable sales increased 3 percent, and were up 4.2 percent in King County, 5.7 percent in Vancouver and 6.6 percent in Seattle. Sales did dip 0.6 percent in Tacoma and 1 percent in Pierce County.
And despite the slowdown in Spokane, taxable retail sales were up 2.2 percent throughout Spokane County, to $6.9 billion. The retail trade in the county rose 1.4 percent last year, to $3.4 billion.
And that brings us to Spokane Valley: retail sales in 2011 were $1.7 billion, or 5.9 percent higher than the year before. Retail trade there was up 5.3 percent year over year.
In other local cities, taxable retail sales in 2011 were:
Airway Heights: up 2.3 percent
Cheney: up 20 percent
Deer Park: down 9 percent
Liberty Lake: up 10 percent
Medical Lake: up 17 percent
Millwood: up 3 percent
Linda Hall, of Spokane, has worked hard all her life but hasn’t earned any respect from the labor market. Laid off for the first time at age 62, Hall has no health insurance, not enough savings for retirement and almost no chance of getting hired again. “A year ago I was absolutely certain that I had job security,” Hall said. “Change is a part of life. But, truthfully, until a few weeks before (getting laid off), I just didn’t see it coming and couldn’t imagine such a thing happening.” Like many older workers, Hall is confronting America’s new economic reality. “If you worked hard, chances are you’d have a job for life, with a decent paycheck and good benefits and the occasional promotion,” President Barack Obama lamented in his 2011 State of the Union Address. “That world has changed”/Arthur Delaney, Huffington Post. More here. (Rajah Bose photo: At age 62, Linda Hall, of Spokane, was laid off for the first time. She was a caterer at the Spokane Club)
Question: Have you ever been laid off?
Gary Snyder once said "more and more of us in the industrialized world are feeling a spiritual void, and coming to believe that moving away from consumerism and towards community may be an important step in recovering that nameless thing we've lost."
But if money can’t make you happy, perhaps a new kind of economy can? That’s what a documentary, “The Economics Of Happiness” asks. The film discusses the connection between a bad economy, the environment, and that spiritual void. How people in the United States have become less happy since the 1950’s; that consumerism has broken down community and the connection to nature.
Once case study is Ladakh, also known as “Little Tibet,” in northern India. By all accounts, it has changed from a place that once had zero unemployment, leisure time, natural resources but the introduction of subsidized food, fuel, and roads that have underminded the local economy and brought an income gap.
Check the trailer after the jump.
I have an amazing job that lets me travel the state to talk about free markets. During these travels, I get to hear from and talk to numerous local elected officials who truly care about their communities. Unfortunately, many of these officials think they have a supernatural understanding of their local marketplaces and the ability to manipulate these markets to be whatever they want them to be. It really doesn’t matter where I go: Nampa, Boise, Pocatello, Ketchum, Post Falls or Sandpoint. Every town has self-proclaimed economic gurus who are making judgments about how to use taxpayer dollars to achieve unparalleled levels of economic prosperity/Wayne Hoffman, Idaho Freedom Foundation. More here.
Question: What role should local government play in economic planning?
OLYMPIA — Private-sector job growth has pushed Washington’s unemployment rate to the lowest point since February 2009, officials said today.
The Employment Security Department said the drop to 8.7 percent unemployment in November came with the state adding 12,100 jobs. The jobless rate was down from 9.1 percent in October.
“This is the kind of job growth we need to make a good dent in the unemployment rate,” said Greg Weeks, director of the Employment Security Department’s labor-market information office, in a statement.
The state has added jobs in 13 of the past 14 months, but it has usually come in smaller chunks.
The November numbers show growth across much of the private sector. The professional and business services sector added 4,200 jobs. Leisure and hospitality grew by 3,800. Construction was up 2,000 jobs.
Government posted a slight decline in jobs.
More than 300,000 people in Washington were unemployed and looking for work in October, according to the Employment Security Department. As of Saturday, some 68,000 workers had exhausted their unemployment benefits.
Washington’s numbers followed the national trend for November. The U.S. unemployment rate dropped from 9 percent to 8.6 percent.
Here's another reason to love your local credit union: The Spokane Valley’s first 240-volt charging station for electric cars opens to the public when Spokane Teachers Credit Union starts serving members at its new South Valley Branch location on Monday, December 12th.
From Dan Hansen:
That level II charging station, paired with two parking spaces reserved for electric cars or chargeable hybrids, is just one of the earth-friendly features designed into the branch at 13211 E. 32nd. Others include:
- Solar panels that at times will generate a surplus of power.
- A rooftop and parking lot that reflect heat, rather than absorbing it.
- Building materials that were mostly mined or produced within 500 miles of the construction site.
- A shower for employees who walk or pedal to work. (The branch also is located on a bus route.)
- Lights and a heating system that are highly energy efficient.
- A no-smoking policy that includes the parking lot.
“We set out with a goal to make this the most environmentally sustainable full-service branch operated by any financial institution in the region,” said Patsy Gayda, STCU vice president of branches. “Our members expect us to be good stewards of resources.”
Seasonal hiring of educators and retail workers helped push Spokane County’s unemployment rate down last month. It fell to 8.3 percent in October, down from September’s revised rate of 8.4 percent.
It’s the lowest rate so far this year but remains high than in October 2010, when unemployment was 8.1 percent. There were about 5,000 more jobs here one year ago, said Doug Tweedy, regional economist for the state Employment Security Department.
October typically has the highest employment rate of the year as schools bring on teachers and staff, and as stores get ready for the holiday shopping season. The local economy supports about 25,000 retail jobs, which is up 280 jobs over last October.
But the public sector continues to be a drag on the economy due to federal, state and local government layoffs – a trend that will persist into 2012, Tweedy said.
“We’re still making up for lost jobs over the year,” he said.
Private employers, however, have added about 800 jobs this year in Spokane County. The bulk of those have been in the manufacturing and health care sectors.
Another positive sign is that initial claims for unemployment benefits are down to 2007 levels, which tweedy said can be a leading indicator of job growth.
Statewide, unemployment in October was at 8.3 percent, down from 8.8 percent in October 2010.
Different organizations regularly put out lists of cities that they think are the most livable, most environmental, best for kids or seniors or families.
And then there are the other lists, the mirror images of the ones above.
Daily Beast has a new list of the latter category. Brokest Cities in America.
And no, Spokane isn't on it. In fact there's only one city from Washington or Idaho on it.
So, see. Things could be worse.
The high unemployment rate in parts of North Idaho fell a little last month – the first positive sign in a year or more.
The jobless rate in August was 11.6 percent in Kootenai County, down from 11.8 percent in July, the Idaho Department of Labor reported today.
Bonner County also saw a dip of two-tenths of a percentage point, to 14.1 percent. And in Benewah County, the rate dropped to 14.3 percent in August, down from 14.9 percent a month earlier.
Shoshone County, however, saw a slight increase in unemployment claims, to 15.9 percent, as did Boundary County, which hit 15.3 percent in August.
Statewide, the seasonally adjusted unemployment rate dropped two-tenths of a percentage point in August, falling to its lowest level in 15 months. Although the rate was estimated at 9.2 percent – the lowest since May 2010 – 70,000 people were still out of work around the state.
The state tracked about 13,250 persons on unemployment in the five northern counties last month. That was 200 fewer than in July.
President Barack Obama's engagement in job creation is "welcome," Sen. Mike Crapo said this week, and it's time for Congress and the White House to get past its "tired, back-and-forth political battles" and produce results. But in his weekly guest opinion to Idaho newspapers, the Republican senior senator staked out his side on what could be Capitol Hill's next "back-and-forth political battle." He rejected what has emerged as the centerpiece of the $450 billion Obama jobs plan: financing job programs by increasing taxes on upper-income groups. "The misguided talk of some in Washington in favor of tax hikes at a time when the economy cannot stand it is incomprehensible," Crapo wrote/Kevin Richert, Idaho Statesman. More here. (AP file photo)
Question: Should taxes be raised on upper-income groups to finance job programs?
Spokane County's unemployment rate ticked up a notch in July, to 9 percent. The jobless rate in June was 8.9 percent, and in July 2010 it was 9.1 percent.
There were 20,250 unemployed workers in the county last month, according to the Washington Employment Security Department. That's down slightly from 20,840 unemployed workers in June.
The jobless rate last month hit 11 percent in Stevens County, 11.6 percent in Pend Oreille County, and nearly 13 percent in Ferry County.
Elsewhere in the region, the July rate was 7.5 percent in Whitman County, 7.6 percent in Adams County and 7.9 percent in Lincoln County.
The Idaho Labor Department today released the July unemployment numbers, and the news is not encouraging in North Idaho.
Four of the five counties in the panhandle saw the unemployment rate go up last month, and the rate remained the same in the fifth: Kootenai County.
Here's the breakdown:
Kootenai County (including Coeur d'Alene): 11.7 percent, unchanged from June.
Shoshone County (including Kellogg): 15.8 percent, up from 14.7 percent in June.
Boundary County (including Bonners Ferry): 15.1 percent, up from 14.5 in June.
Benewah (including St. Maries): 15 percent, up from 14.6 percent in June.
Bonner (includiing Sandpoint): 14.2 percent, up from 13.4 percent in June.
In Post Falls, the rate ticked downward last month, to 12.3 percent. It was 12.9 percent in June.
In Ceoru d'Alene, the rate was 11.9 percent in July, down a tad from 12 percent.
Here's something to debunk the myth that green job investments are a job killer.
Stronger solar policies could create over 100,000 jobs rather quickly, according to the above infographic from One Block Off the Grid. Thinking longer term, over ten years, if state legislators instituted strong solar incentives, Texas would gain 21,714 jobs and Florida 16,858, not to mention thousands of jobs in other states.
One Block Off the Grid organizes group deals on solar energy and since 2008, they've run hundreds of group deals in over 40 U.S. states and helped thousands of homeowners go solar.
After the jump, check out a larger infographic on "Solar Saves America" and go to the site for more information.
OLYMPIA — Washington's economic outlook for the current budget cycle has gone from cautiously optimistic to "a sinking feeling of pessimism," the state's chief economist said Thursday.
"The risk of the economy slipping back into recession has increased significantly," Arun Raha said in the latest economic and revenue update.
In June, Raha was confident that Washington and the rest of the United States would avoid a "double dip recession" and that growth would continue, although slowly.
Since then, debt problems have spread beyond in Europe, the U.S. government barely avoided a default on U.S. bonds but couldn't escape a downgrading by a major rating agency, and consumer confidence "is in the tank."
State job growth hasn't been as strong as projected, the single-family housing construction sector remains flat, banks and local governments have been laying off workers and about the only manufacturing sector growing is aerospace.
Oh, and by the way, state revenue collections are down about $9 million below forecast since June.
The next full revenue forecast is due in mid September. A significant drop in projected revenues could lead to a call by some legislators for a special session to make deeper cuts, sooner.
State agencies already were ordered to identify ways they could cut their budget by as much as 10 percent.
Already the pundits predict a second major political meltdown when the Gang of 12 fails in their task to recommend the next major steps just as the holiday season descends on battle weary Americans who don’t seem to trust anyone on anything, especially when it comes to the economy and fiscal policy. A new CNN/Opinion Research Corporation survey finds broad support – as in 77 percent support – for the notion that Washington’s leaders “acted like spoiled children” in reaching the deal on debt and deficits. Trying to explain American politics to a British audience, historian Robert Dallek writes in the Daily Telegraph that, “something is at work here that makes you wonder if rational discourse is beyond the capacity of many American voters to understand”/Marc Johnson, The Johnson Post. More here.
Question: Describe the next financial crisis this country will face as a result of congressional/presidential squabbling?
A recent survey of Washington workers who failed to find work before running out of unemployment benefits revealed that three out of four of them remain jobless.
The survey also shows that 80 percent of those back at work earn less than in their former jobs – on average, about 29 percent less.
Of those who returned to work, about 19 percent found jobs out of state.
The state’s Employment Security Department emailed a survey in April to nearly 32,000 individuals who had run out of unemployment benefits since November 2009, and 5,065 people responded. The claimants had access to as many as 99 weeks of unemployment benefits.
Employment Security sought to find out if exhaustees have returned to work, the employment services they’re using and the barriers they’re running into while looking for new jobs.
Employment Security Commissioner Paul Trause said the survey findings shed valuable insight on what is happening to workers who run out of unemployment benefits.
“The survey contradicts the perception that unemployed workers wait until their benefits run out, then quickly find work,” Trause said. “We know there aren’t enough jobs to go around right now, but there may be additional factors that keep employers from hiring these workers.”
BOISE — The Idaho Department of Labor says the statewide unemployment held steady at 9.4 percent in June.
The agency released the latest jobless numbers today, saying the Idaho labor pool shrunk for the first time in 10 months as fewer jobs were created and more than 1,800 unemployed workers either gave up their search or left the state in June.
Idaho’s jobless rate fell to 9.4 percent in May, down from 9.6 percent in April.
The labor department says more than 30,000 unemployed workers collected $28.8 million in benefits last month, which is down compared to a year ago when more than 38,000 workers received $41.7 million in June 2010.
The state reports more than 10,600 unemployed workers have exhausted their benefits and are still without work.
The number of people applying for unemployment benefits fell last week to the lowest level in seven weeks, although applications remain elevated, the Associated Press reports.
The Labor Department said today that applications for benefits dropped by 14,000 to a seasonally adjusted 418,000. The four-week average, a less volatile measure, declined for the first time in four weeks, to 424,750.
Applications have topped 400,000 for 13 weeks, evidence the job market has weakened since the beginning of the year. Applications had fallen in February to 375,000, a level that signals sustainable job growth. They stayed below 400,000 for seven of the next nine weeks. But then applications surged to an eight-month high of 478,000 in April and have shown only modest improvement since.
The government will release its June employment report Friday. Economists expect employers added a net total of 90,000 jobs last month and the unemployment rate remained stuck at 9.1 percent, according to a survey by FactSet.
President Barack Obama answered questions about jobs, the economy, taxes, welfare and space programs in the first Twitter Town Hall meeting.
But nothing about marijuana, which was among the most "retweeted" topics before the session started.
The session allowed people around the country to send questions to Obama at the White House with a Twitter moderator. He acknowledged that he underestimated the recession and talked about the debt ceiling talks taking place this week.
For a complete transcript of the 90 minute session, courtesy of the White House Press Office, or to comment, click here to go inside the blog.
WASHINGTON — Builders broke ground on more new homes in May, but not enough to signal a recovery in the troubled housing market.
Home construction rose 3.5 percent from April to a seasonally adjusted annual rate of 560,000 units per year, the Commerce Department said today.
Economists say the pace of construction is far below the 1.2 million homes per year that must be built to sustain a healthy housing market. Many credit-strapped builders are struggling to compete with low-priced foreclosures.
Housing permits, a gauge of future construction, rose last month to the highest level since December. But apartment and condominium construction accounted for a large portion of that increase. Renting has become a preferred option for many Americans who lost their jobs in the recession and who were forced to leave their rapidly depreciating homes.
Our pals at the FBI recently caught our attention by noting that bank robberies for the first quarter of 2011 are down about 8 percent from the year before.
The statistical summary is at this link at FBI.gov's media page: http://www.fbi.gov/news/pressrel/press-releases/fbi-releases-bank-crime-statistics-for-first-quarter-of-2011
It's hard not to get speculative on that downturn. Either the amount of money sitting in banks is down and hence, less appealing to would-be felons.
Or the number of financial institutions is down and with it, the number of folks who stroll by a building in their neighborhood one day and form the crazy idea that they're this generation's Willie Sutton.
To be clear, we regard this as a very positive piece of news.