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The number of job openings Rose to 4.7 million in June, up 100,000 from the prior month. This is the biggest number of Job opening since February 2001. Job openings have increased 17.6% over the last 12 months. (associated Press)

The national Federation of Independent businesses small business optimism index rose to 95.7 last month. While improving this index is still five points below the 35 year average. Small business owners are most concerned about government overregulation and taxes. (cNBC)

Australia plans to export more iron ore this year than any nation ever and that is driving up shipping costs by 80%.  Increase sales from Brazil before year end means freight rates could go even higher. Miners will ship an extra 97.8 million metric tons from Australia, equal to more than 600 cargo ships hauling the ore. (Bloomberg)

A new wealth gap is opening among US corporations, where cash holdings are growing more concentrated. eighteen American businesses hold 36% of corporate wealth in 2013, up from 27% in 2009. The top 1% of multinationals, includes Microsoft, Google, Coca-Cola, Apple and forward, that reap a big share of profits from non-US sales.  (Bloomberg)
 

Traffic

 

 

  • Click on the link for the latest conditions on the mountain passes.

 

  • I-84,Troutdale MP 17 - 62, in the Coumbia Gorge remains closed. The highway is closed EB at Exit 17 in Troutdale. Trucks use US-26 to OR-35 as an alternate route.

 

  • Construction at 27th Street . Northbound Lane Closed from Ferguson to Bear Creek.  Detour in place.

 

  • 27th and Bear Creek Rd intersection varying traffic control changes

 

  • O.B. Riley Road South-bound lane closed south of Mervin Samples Rd (12/17)