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Business News


Market volatility is at very low levels, by absolute and historical standards, as the SP 500 posted its 22nd record high of the year on Friday. (CNBC)

China’s manufacturing activity expanded for the first time in 6 months in June showing the world’s second largest economy may be stabilizing. The report showed broad across the board improvement in almost every sector. (Associated Press)

While the economy has recovered all the jobs lost during the great recession the quality of those jobs is suspect. For example high paying construction and manufacturing jobs made up 15.3% of all jobs at the end of 2007 and now are just 13%.  Of the 8 million jobs regained since the recession only 3 million are jobs paying above the national average of $24.38 per hour.  (Market Watch)

The number of federal workers under the age of 30 hit and eight year low of 7% in 2013 versus 25% for the private sector. Back in 1975 20% of the federal work force was under 30.  At the end of 2013, 45% of federal employees were older than 50 years. (Wall Street Journal)

Stock repurchases soared more than 60% in the first quarter of the year. Companies spent $159.3 billion buying back stock during the period. Much of that buying is being done with borrowed money at very low rates of interest. (Fox Business News)

 

Traffic & Weather

 

 

 

 

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

 

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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