Spokane area weathering economic downturn

Spokane area weathering economic downturn

SPOKANE, Wash. - New estimates show the U.S economy declined at a 2.9 percent annual rate in the first quarter, the weakest quarter for the economy since 2009.

However economists aren't too worried, blaming the nasty winter weather for much of the decline.

In comparison, the Inland Northwest is doing fairly well. Unemployment is at 6.7 percent within the Spokane County, though some shoppers are still leery about spending.

often often overspend, go home and think about it and come back and return, that's actually what I'm doing today," Alejandra Helt-Creel said.

think it's a good idea to be a little bit more conservative with your money," Alicia Asplint said.

pokane is actually doing pretty good right now. For the first five months of the year we're up about 2,000 jobs over the same period last year," Mattke said.

Economists say consumer spending is closely tied to jobs, and more jobs means more spending.

Mattke added it's been a slow recovery but our economy is so diverse that when one sector lags others seem to pick up.

"We are insulated that way from a lot of the ups and downs of the national economy," he said.