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Stories tagged: Recession


  • Mothers, children hurt the most from painful budget cuts

    Remember the “mancession”? That dumb name for the fact that unemployment among men was extra high? Well, a few years later, it turns out to be a misnomer. Unemployment among …


  • Manufacturing driving recovery in Spokane

    Manufacturers are hiring in Spokane and selling goods across the globe, igniting hopes of an economic recovery. From airplane parts to medical devices, cookware, pharmaceuticals and mining equipment, factories across …


  • State higher education spending sees big decline

    MIAMI — State funding for higher education has declined because of a slow recovery from the recession and the end of federal stimulus money, according to a study released Monday.


  • December ends 3rd poor year for home building

    WASHINGTON — Builders ended 2011 with a third straight year of dismal home building and the worst on record for single-family home construction, despite modest improvement at the end of …


  • Census: Population slowing in large portions of U.S.

    Many states that posted big population gains in the 2010 census are now seeing their decade-long growth fizzle, hurt by a prolonged economic slump that is stretching into larger portions …


  • Fed says economy is healthier; takes no new steps

    The Federal Reserve on Tuesday portrayed the U.S. economy as slightly healthier and held off on any new steps to boost the economy. Hiring is picking up and consumers are …


  • Area home sale prices continue to decline

    Average home sales prices in Spokane fell by 4.1 percent in October, in line with national and regional declines driven in part by foreclosures and high unemployment. The Spokane sales …


  • Alligator Diesel Performance anticipates, meets customers’ needs

    Alligator Diesel Performance in Coeur d’Alene increased its sales more than 1,200 percent over the past three years, enough to hit Inc. Magazine’s list of the country’s 500 fastest-growing private …


  • Report makes mountain of market bump

    Do you feel recession-proof, Spokane? All steel-plated and financially indestructible? No? Maybe you should feel a little harder. Because Forbes magazine – “the No. 1 source for business news on …


  • Sheltered in motels, “hidden homeless” wait, hope

    Robert Cordero and his five children have lived at the Hillside Inn in Cherry Hill, N.J., for more than five months. They are among untold thousands nationwide who have been …


  • Gregoire: Two’s enough

    OLYMPIA – Chris Gregoire, who became governor of Washington in the midst of controversy and managed the state during some of its greatest economic adversity, said Monday she won’t seek …


  • Kootenai homes lose value for fourth year

    Kootenai County property values slid for a fourth year in 2011, with the total assessed value dropping almost $900 million, or 7 percent, from the 2010 level. The county’s assessed …


  • Wise Words with Ted Solomon

    Ted Solomon owns Digital Scanning and Imaging in Spokane Valley. The company scans and preserves documents involved in commerce and government. During the housing boom, the company’s growth reflected the …


  • Editorial: Minimum wage should reflect good, bad times

    In the spirit of a new year, let’s call a modest truce and concede that the economy stinks, and there is suffering enough to go around. People earning minimum wage …


  • Hiring spurt in October eases jobs crisis a bit

    The jobs crisis eased a bit in October as companies stepped up hiring, suggesting further gains ahead. Still, hiring remains far too weak to drive down unemployment, now stuck at …


  • Obama says economic progress ‘painfully slow’

    President Barack Obama insisted today that the U.S. economy is showing improvement from the deepest recession in decades but conceded the “progress has been painfully slow.” He said he understands …


  • How adults handle economic hardship can indelibly mark children

    Emily Rawls, 24, started at the University of Idaho in 2004, and her major and minor – interior design and architecture – matched a marketplace need. Housing was boom town.


  • Holding off homelessness

    Federal stimulus funding not only helped Spokane weather the worst economic downturn since the Great Depression, it changed one of the city’s leading social service agencies, which redirected its staff …


  • Job creation remains slow

    WASHINGTON – The nation isn’t creating nearly enough jobs to reduce persistently high unemployment. For the third straight month, the private sector hired cautiously in July. And those meager gains …


  • Economists differ over when, or if, recession has returned

    WASHINGTON – Concerns are rising that the economy is at risk of slipping into a “double-dip” recession. High unemployment, Europe’s debt crisis, a slowdown in China, a teetering housing market …


  • Report indicates that recession was not just a ‘mancession’

    NEW YORK – They’ve called it the “mancession” – a recession that’s affected men disproportionately because of its brutal impact on male-dominated sectors like construction and manufacturing. But that term …


  • Rural Idaho counties see population decline

    The number of people moving out of rural Idaho increased between mid-2008 and mid-2009 as the recession reached into every corner of the state.


  • Recession at bottom, WA forecast dips slightly

    Washington’s chief revenue forecaster said the recovery continues, but with significant risks that involve tight credit and low consumer confidence. The overall revenue forecast, coupled with a higher demand for …


  • Economy grows at fastest pace since 2003

    The economy’s faster-than-expected growth at the end of last year, fueled by companies boosting output to keep stockpiles up, is likely to weaken as consumers keep a lid on spending.


  • Spokane-area eateries take steps to survive during slowdown

    Across the nation, talk has turned to recovery. But in the Inland Northwest, restaurants are still scrimping and tweaking menus to lure customers back through the doors. Battered by a …


  • Editorial: Recession’s a bad time for federal wages to rise

    Previous editorials have examined the payroll impact on local and state budgets, but what about the federal government? It’s even worse. But because the feds don’t have to produce annual …


  • Turn seen in economy

    BOISE – New, not-yet-published labor data show surprising and “heartening” news for Idaho, Gov. Butch Otter’s chief economist said Thursday: The state’s economy appears to have hit bottom and is …


  • Glum outlook on jobs

    WASHINGTON – Top Federal Reserve officials expect unemployment to remain elevated for years to come, according to new projections released Tuesday, suggesting that the economic recovery will be too gradual …


  • Stores strategize in light of last year’s difficult holiday season

    Retailers across the region have just one wish: Whatever else happens, please spare us a winter like last year. Consumers are still in a cautious state of mind, but store …


  • Gen X discontent at work intensifies during recession

    CHICAGO – They’re antsy and edgy, tired of waiting for promotion opportunities at work as their elders put off retirement. A good number of them are just waiting for the …


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