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Stories tagged: Recession


  • 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 …


  • Debt, lack of insurance make today’s unemployed more vulnerable

    WASHINGTON – It hurts more to be unemployed now than the last time the jobless rate hit 10 percent. Americans have more than triple the debt they had in 1982, …


  • Grants offer relief to poor in region

    The region’s impoverished received help Thursday from public and private sources to ease the effects of the economic downturn. Spokane County received a $622,278 federal grant to help people on …


  • Economy grows in 3Q, signals end of recession

    The economy grew at a 3.5 percent pace in the third quarter, the best showing in two years, fueled by government-supported spending on cars and homes. It’s the strongest signal …


  • Stimulus moving nation’s economy

    WASHINGTON – The government is expected to report today that the U.S. economy resumed growing in the third quarter, which would mark an end to the worst economic contraction since …


  • State economist warns of second dip in recession

    Cautious consumers and regional banks burdened with bad debts could trigger a second “dip” to a double-dip recession in Washington, the state’s lead economic forecaster said today.


  • All bets off as economy slumps

    LAS VEGAS – Gamblers are wagering less than a year ago, visiting casinos less often and holding back on extras when they do, continuing trends that left the industry struggling …


  • New wheels for free meals

    Each year, more than 700,000 free meals are served to the hungry in Spokane, according to the director of a nonprofit agency that gleans leftover food from area restaurants and …


  • Economists hopeful expansion has begun

    NEW YORK – More than 80 percent of economists believe the recession is over and an expansion has begun, but they expect the recovery will be slow as worries over …


  • Retail creeps upward

    WASHINGTON – Consumers last month began loosening the grip on their wallets, increasing spending slightly for the first time since the summer of 2008 mainly at discount retailers and on …


  • Economy faltering without stimulus

    The fragile economic recovery has relied heavily on government stimulus spending, but new data show that as the money runs out, a sustained rebound may be elusive. The dramatic decline …


  • Slow recovery forecast for state

    OLYMPIA – The good news for the state is that the recession is pretty much over. The bad news: It won’t seem like the recession is over until the middle …


  • Frozen wages common in area

    Nearly half of Spokane-area employers said they froze wages in the past year, according to a recent business survey. And 36 of 95 firms responding to the survey said they …


  • Economic meltdown rewriting rules of investment

    BOSTON – Stocks always rise over the long haul. Bonds are for retirees and investors with little taste for risk. Companies rarely cut their dividends. Those are three of the …


  • Census figures show impact of recession on Americans

    WASHINGTON – The recession is profoundly disrupting American life: More people are delaying marriage and home-buying, turning to carpools yet getting stuck in ever-worse traffic, staying put rather than moving …


  • Recession is ‘likely over,’ Bernanke says

    WASHINGTON – Federal Reserve Chairman Ben Bernanke said Tuesday that the recession is “very likely over,” offering his most explicit endorsement so far of the view, increasingly widespread among economists, …


  • Bernanke says recession ‘very likely over’

    Federal Reserve Chairman Ben Bernanke said Tuesday the worst recession since the 1930s is probably over, although he cautioned that pain — especially for the nearly 15 million unemployed Americans …


  • Poverty rate hits 11-year U.S. high

    WASHINGTON – The government’s first broad look at the recession’s impact on American households in 2008 showed that the nation’s poverty rate jumped to an 11-year high, incomes sank for …


  • Trade data indicate economy is reviving

    WASHINGTON – The ending of the recession is boosting global trade, increasing U.S. imports by a record amount in July and boosting foreign demand for American goods for a third …


  • Mortgage relief sets in

    WASHINGTON – The Obama administration’s $50 billion mortgage relief program is finally picking up speed after a sluggish and disappointing start: Nearly one in five eligible homeowners have been offered …


  • New normal for home sales

    The American dream of homeownership is still attainable. Buyers just have to deal with a new set of realities. A year after the collapse of the housing market triggered the …