economy

Northwest News
5:06 pm
Tue March 27, 2012

Home Prices Continue To Drop In Seattle, Portland

"Home prices in both Seattle and Portland are down again. Photo by Timothy Ellis/Flickr
Photo credit: Timothy Ellis/Flickr Northwest News Network

Home prices continue to fall in the Northwest. New figures released show yet another drop in both Seattle and Portland.

The S&P/Case-Schiller Index measures housing prices in 20 large metropolitan areas around the country. The newest figures are through January and in them, both Seattle and Portland hit new lows for the current economic downturn. Average home prices in both cities are down about four percent from a year ago. Steve Thoele is an agent with Keller-Williams Realty in Portland. He blogs about housing trends in Oregon.

Read more
Washington ATM Fees
5:16 am
Fri March 23, 2012

ATM Fee For Wash. Welfare Recipients Could Be A Thing Of The Past

Washington state is working on a deal with JPMorgan Chase that could eliminate an ATM fee for welfare clients.
Photo by Austin Jenkins Northwest News Network

OLYMPIA, Wash. – The 85-cent ATM fee that JPMorgan Chase charges Washington welfare clients could soon be a thing of the past. The state hopes to have a deal by the end of the month with JPMorgan on a new, lower cost contract for electronic benefits. Olympia Correspondent Austin Jenkins has this update.

Read more
Wash. Unemployment
4:50 pm
Wed March 21, 2012

Wash. Unemployment Rate At 8.2%

Improvements to Washington’s job market will likely mean a shrink in unemployment benefits. Last month the state added an estimated 4,200 jobs, improving the unemployment rate by .2% since January. It’s now at 8.2%.

Read more
Bellingham Export Terminal
5:34 am
Wed March 21, 2012

Review Process Kicks Off For Gateway Pacific Terminal In Bellingham

Some protestors wore gas masks in opposition to a proposed bulk export terminal in Bellingham.
Photo by Ashley Ahearn Northwest News Network

BELLINGHAM -- SSA Marine has submitted a permit application to build a bulk export terminal in Bellingham.

If approved, the terminal will be large enough to handle up to 54 million metric tons per year.

That could include wheat and grains but the majority will be coal. It will be delivered by train from mines in Wyoming and Montana – and then shipped out of Washington to Asian markets.

Ashley

Read more
Oregon Jobs
4:33 pm
Tue March 20, 2012

Oregon Loses Jobs, Unemployment Rate Flat

Oregon State Capitol - despite “surprising” job losses, the employment picture is slowly improving.
Photo credit Wikimedia user M.O. Stevens Wikimedia Commons

Oregon's unemployment rate remained unchanged last month, according to new numbers from the state Tuesday. Officials say the 8.8 percent  jobless rate is the lowest in Oregon since November 2008. Employment department economist Nick Beleiciks says the non-farm payroll lost 6,400 jobs. But he says despite what he called “surprising” job losses, the employment picture is slowly improving.

Read more
Green Jobs
4:15 pm
Wed March 14, 2012

West Coast Governors Predict Massive Uptick In "Clean Economy" Jobs

More "clean economy" jobs expect for the West.
Photo credit: Harvey McDaniel Wikimedia commons

The west coast is poised for a dramatic uptick in so-called "clean economy" jobs. That's the prediction issued Wednesday by the leaders of Oregon, Washington, California and British Columbia. But as Correspondent Chris Lehman reports, it's not clear if the region can actually pull it off.

Read more
Workplace Deaths
3:49 pm
Wed March 14, 2012

Washington Workplace Fatalities Fall To Lowest In Decades

Fifty-three people died on the job in Washington state last year. It was the least deadly year in Washington workplaces in three decades.

Read more
Spokane Tribal Casino
5:16 am
Fri March 9, 2012

Spokane Tribe Moves Forward In Plans For Resort Casino, Amidst Opposition

SPOKANE -- The Spokane Tribe of Indians just received a list of federal guidelines for their proposed casino project in Airway Heights. Along with the document came a new round of opposition. Paige Browning has more.

Read more
ProPublica Investigation
2:30 pm
Tue March 6, 2012

Fed Shrugged Off Warnings, Let Banks Pay Shareholders Billions

The Federal Reserve Building, Washington D.C.
Photo by Dan Smith Wikimedia Commons

In early November 2010, as the Federal Reserve began to weigh whether the nation's biggest financial firms were healthy enough to return money to their shareholders, a top regulator bluntly warned: Don't let them.

Read more
Washington Legislature
6:10 am
Tue March 6, 2012

Tension Lingers After Coup In Washington Senate

Washington legislators still at odds over how to balance state budget..
Photo by Wikimedia User Visitor7 Wikimedia Commons

OLYMPIA, Wash. – Tension lingers in Olympia as Washington legislators head into what is supposed to be the last week of session. The task of re-balancing the state budget was put into disarray on Friday when Republicans and centrist Democrats took over the state Senate.

Read more

Pages