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George Noorey
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George Noorey
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Business News


Lots of economic data today.  It will almost certainly have some impact on the markets.  The S& 500 has started each day higher only to close lower this week.  Will it be a repeat today?  (Fox Business News)

US employers plan to cut about 40,000 jobs in August, down 21% from last August.  Through August job cuts totaled 332,931 this year, down 4% from the 347,095 cuts announced in 2013. Job cuts were heaviest in the technology sector. (Challenger, Gray & Christmas)

The ADP jobs report says the US economy added 204,000 private sector jobs in August.  Additions were across all sectors of the economy.  Small businesses added 80,000 jobs, their first strong performance since the recovery began. (CNBC)

New unemployment claims were up 4000 this week to 302,000. A strong number and at its lowest level since June of 2007. (CNBC)

US productivity was up 2.3% last month.  That was a little weaker than anticipated but still strong.  Labor costs were down 0.1% showing no wage inflation. (Bloomberg)

US consumer sentiment rose in August and an index of current economic conditions hit its highest level since July 2007.  Consumer confidence rebounded in late August due to a positive reassessment of prospects for the national economy,. (Thomson Reuters/University of Michigan)
 

 

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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