07-17-2018  2:42 pm      •     
The Skanner Report
  • 1
  • 2
  • 3
  • 4

NEWS BRIEFS

Experience the Culture at the Second Annual Pan African Festival of Oregon

Event will take place from 12 p.m. to 8:30 p.m. August 11 ...

Oregon Humane Society Photo Contest Now Open

Submissions for annual pet photo contest open until August 15 ...

Mark Christopher Lawrence to Perform at Harvey’s Comedy Club July 13-15

Former Big Mike of “Chuck” will perform at 7:30 and 10 p.m. Friday and Saturday and 7:30 Sunday ...

Dragon Fest 2018

Lions, dragons and breakdancers descend on Seattle’s Chinatown-International District for the Pacific Northwest’s largest...

Residents left with questions after strange sighting in sky

PENDLETON, Ore. (AP) — Many Pendleton residents are questioning what it was they saw last week in the skies over the town.Residents spotted a small white object Wednesday floating above the south area of Pendleton for the better part of an hour, the East Oregonian reported .Some thought the...

Planned Parenthood sues Idaho over abortion reporting law

BOISE, Idaho (AP) — Planned Parenthood of the Great Northwest and the Hawaiian Islands is suing the state of Idaho in federal court over new abortion reporting requirements that critics say are unconstitutional and intended to stigmatize women seeking medical care.Planned Parenthood filed...

Feds arrest 11 in alleged heroin, meth trafficking ring

SEATTLE (AP) — Officials say 11 people have been arrested on federal charges in connection with heroin and methamphetamine trafficking in the north Puget Sound region.U.S. Attorney Annette L. Hayes says the arrests happened Tuesday after a six-month investigation.She says search warrants...

Planned Parenthood sues Idaho over abortion reporting law

BOISE, Idaho (AP) — Planned Parenthood of the Great Northwest and the Hawaiian Islands is suing the state of Idaho in federal court over new abortion reporting requirements that critics say are unconstitutional and intended to stigmatize women seeking medical care.Planned Parenthood filed...

OPINION

A Letter from America’s Children

American children struggling with poverty, violence and homelessness, deserve media coverage, too ...

Rep. Maxine Waters Takes Strong Stand for Fair Housing

Congresswoman Maxine Waters recently stepped up to file legislation designed to cure many of regressive ills pushed by Secretary Carson ...

10 Indoor Plants Every Pet Lover Must Have

Dr. Jasmine Streeter shares her tips on stress-busting plants ...

NAACP Statement on Nomination of Brett Kavanaugh to the Supreme Court

NAACP opposes Kavanaugh's confirmation to the D.C. Circuit ...

AFRICAN AMERICANS IN THE NEWS

Is Trump's retraction his final word on Russia? Unlikely

WASHINGTON (AP) — The Washington political playbook called for President Donald Trump to make clear — and fast — that the U.S. wasn't in the pocket of Russia President Vladimir Putin. On Tuesday, Trump relented, saying he misspoke on Russian election meddling.But apologies and...

Obama delivers veiled rebuke to Trump in Mandela address

JOHANNESBURG (AP) — In his highest profile speech since leaving office, former U.S. President Barack Obama on Tuesday denounced the policies of President Donald Trump without mentioning his name, taking aim at the "politics of fear, resentment, retrenchment," and decrying leaders who are...

San Antonio store owner's killer set for execution

HUNTSVILLE, Texas (AP) — A Texas death row inmate was set for execution Tuesday evening as lawyers argued in the courts that the state parole board improperly refused his clemency request because he's black.Christopher Young was condemned for fatally shooting a San Antonio convenience store...

ENTERTAINMENT

Review: Meg Myers is angry, anguished, exciting on new album

Meg Myers, "Take Me to the Disco" (300 Entertainment)If you assume from the title of Meg Myers' new album that she's taken a fun and frivolous turn, you'll be sorely mistaken. Thrilled, but very mistaken.The superb "Take Me to the Disco" finds Myers angry, anguished, raw and obsessed with...

Review: Bask in the effervescent insanity of 'Mamma Mia 2'

"Mamma Mia! Here We Go Again " is a wholly ridiculous movie that I thoroughly enjoyed. It's the kind of movie that feels and sounds like a summer vacation should: Fizzy, lively, low-stakes and soundtracked by ABBA.This is a world where things generally just work out, where folks are kind and...

Nielsen's top prime-time programs for July 9-15

Prime-time viewership numbers compiled by Nielsen for July 9-15. Listings include the week's ranking and viewership.1. "America's Got Talent" (Tuesday), NBC, 11.55 million.2. "60 Minutes," CBS, 7.3 million.3. "Celebrity Family Feud," ABC, 6.41 million.4. "America's Got Talent" (Wednesday), 5.98...

U.S. & WORLD NEWS

Blankfein to step aside as Goldman CEO, Solomon to take over

NEW YORK (AP) — Another Wall Street veteran of the financial crisis is stepping aside: Lloyd Blankfein is...

With Trump's endorsement, Roby tries to fend off challenge

MILLBROOK, Ala. (AP) — An Alabama Republican congresswoman who once distanced herself from President Donald...

Many state lawmakers accused of sexual misconduct run again

ATLANTA (AP) — Allegations of sexual misconduct against Kentucky lawmakers have become so common that the...

Lab-grown meat could be in restaurants in 3 years

BERLIN (AP) — A Dutch company that presented the world's first lab-grown beef burger five years ago said...

Writer removed from summit event says he only had a question

HELSINKI (AP) — The writer and political activist who was forcibly removed from a room where U.S. President...

Afghan officials: IS bomber kills 20, Taliban kill 9 police

KABUL, Afghanistan (AP) — An Islamic State suicide bomber killed 20 people in northern Afghanistan on...

Paul Wiseman and Christopher S. Rugaber AP Economics Writers

WASHINGTON (AP) -- Employers stopped adding jobs in August, an alarming setback for an economy that has struggled to grow and might be at risk of another recession.

The government also reported that the unemployment rate remained at 9.1 percent. It was the weakest jobs report since September 2010.

Stocks tumbled on the news. The Dow Jones industrial average sank more than 190 points in early-morning trading.

Total payrolls were unchanged in August, the first time since 1945 that the government has reported a net job change of zero. Economists warned that the economy can't keep growing indefinitely if hiring remains stalled.

"Underlying job growth needs to improve immediately in order to avoid a recession," said HSBC economist Ryan Wang.

Fears that the United States will slip back into recession have been rising since the government reported over the summer that the economy barely grew in the first half of the year. Consumer and business confidence has been sapped by the political standoff over the federal debt limit, a downgrade in the U.S. government's credit rating and a debt crisis in Europe.

Job growth had already been sputtering before it stalled completely last month. The economy produced an average 166,000 a month in the first quarter, 105,000 a month in the second quarter and just 28,000 a month so far in the third quarter, said John Silvia, chief economist at Wells Fargo.

The dispiriting job numbers for August will put more pressure on the Federal Reserve, President Barack Obama and Congress to find ways to stimulate the economy. So far, Fed Chairman Ben Bernanke has been reluctant to try a third round of bond purchases designed to jolt the economy by further lowering long-term interest rates.

Obama next week will deliver a rare address to a joint session of Congress to introduce a plan for creating jobs and boosting economic growth. But House Republicans have resisted any federal stimulus spending.

The weakness in employment was underscored by revisions to the jobs data for June and July. Collectively, those figures were lowered to show 58,000 fewer jobs added. The downward revisions were all in government jobs.

The average work week also declined, and hourly earnings fell by 3 cents to $23.09.

"There is no silver lining in this one," said Steve Blitz, senior economist at ITG Investment Research. "It is difficult to walk away from these numbers without the conclusion that the economy is simply grinding to a halt."

With job creation stalled and wages declining, consumers won't see much gain in incomes. That will limit their ability to spend, which undercuts growth. Consumer spending accounts for about 70 percent of the economy.

"The importance of job growth cannot be overstated," said Joshua Shapiro, chief U.S. economist at MFR Inc.

The economy needs to add roughly 250,000 jobs a month to rapidly bring down the unemployment rate, which has been above 9 percent in all but two months since May 2009.

In August, the private sector added 17,000 jobs, the fewest since February 2010. That compares with 156,000 in July and 75,000 in June.

"The stagnation in US payroll employment is an ominous sign," said Paul Ashworth, an economist at Capital Economics. "The broad message is that even if the US economy doesn't start to contract again, any expansion is going to be very, very modest and fall well short of what would be needed to drive the still elevated unemployment rate lower."

Hiring fell across many different sectors. Manufacturers cut 3,000 jobs, its first decline since October 2010. Construction companies, retailers, and transportation firms also cut workers.

The health care industry added 30,000 jobs last month.

The economy expanded at an annual pace of only 0.7 percent in the first six months of the year. That was the slowest six months of growth since the recession officially ended in June 2009.

In August, consumer confidence fell to its lowest level since April 2009, according to the Conference Board.

Most economists forecast that growth may improve to about a 2 percent annual rate in the July-September quarter. But that's not fast enough to generate many jobs.

The Obama administration has estimated that unemployment will average about 9 percent next year, when Obama will run for re-election. The rate was 7.8 percent when Obama took office.

The White House Office of Management and Budget projects overall growth of only 1.7 percent this year.

"The economy continues to stagger," said Sung Won Sohn, economist at California State University Channel Islands. "It wouldn't take much (of a) shock to tip it onto a recession."

© 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.

Carpentry Professionals
Montavilla Jazzfest 2018
Calendar

Photo Gallery

Photos and slide shows of local events

The Skanner Report

The Skanner Foundation Scholarships