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Business News


The ADP jobs report says the private sector added 179,000 jobs in May. That is below what the market expected, but not a bad number. The number was led by manufacturing and construction. Professional services declined. (CNBC)

US non-farm productivity for the first quarter declined 3.2% in May.  The cost of labor grew by 5.7%. (Fox Business News)

A&T boosted its 2014 revenue forecast as it anticipates adding 800,000 new customers in the second quarter. The new revenue twist is the “Next” installment plan for those who want a smartphone but not make a two year commitment. That made up 40% of wireless sales for Ma Bell in Q1. (Bloomberg)

They were fighting for your breakfast dollar and now the battlefield has moved to your lunch money.  Dunkin’ Donuts is introducing a new chicken lunch sandwich after Starbuck’s rolled out seven new hot lunch sammies at some locations. This is an area where the companies can grow, since 65% of all traffic at coffee and donut shops happens in the morning. (Bloomberg)

The average US home price rose 10.5% in April compared to the year before.  Prices in Oregon were up 11.8%.  These respectable gains are the smallest in 14 months. (CoreLogic)

 

Traffic & Weather

 

 

 

King Solomon Lane closed between Ferguson Road and King David. (7/25)

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

Oregon State University off-site improvements for intersection reconstruction, July 11 – August 3,    7 a.m. – 4:30 p.m., at intersection of Chandler Avenue and Yates Drive.

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 

R.A.B. Construction:

 

Murphy Road and Parrell Road closed with detours. (9/30)

 

Powell Butte Highway at Neff and Alfalfa Market Roads (8/31)

 
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