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Lance Fisher
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Lance Fisher
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Business News


US Stocks climbed to yet another record high yesterday, the 15th record high of the year, after the European Central Bank unveiled a raft of stimulus measures.

The May jobs report is out this morning and the US economy added 217,000 private sector jobs last month.  The unemployment rate remained unchanged at 6.3%.  Job gains were seen in all industries except the government sector.  Wall St. had expected 210,000 jobs to be created so this number is better-than-expected.(CNBC)

For the first time since December 2007 we have a record in the number of people working in this country.  Every post WW two recession saw an average of 44 months to recover the jobs lost in the recession.  This time it has taken 77 months to recover all the jobs lost in the 2008-09 recession.  And even though we have recovered all the jobs lost in the recession the US has 12.5 mm more people which is why the unemployment rate remains high.(marketwatch.com)

And maybe we can all learn a little something for the baseball legend Don Zimmer who died on Wednesday at 83.  Never Retire.  Zimmer started in baseball in 1949 and worked in baseball until a month before his death.  He always said, do what you love and with a little luck you'll keep doing it for as long as you live.  He sure did!
 

 

Traffic & Weather

 

 

 

 

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.

 
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