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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)
 

Help Puerto Rico

Most organizations are asking for cash, rather than supplies, so they can route help to where it’s needed most more quickly. Here are some of the largest groups with campaigns underway:

 

Traffic

 

 

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

 

  • Intersection of NW Broadway Street and NW Delaware for waterline replacement project, road closures with detours clearly marked for thru traffic, 7 a.m. – 4 p.m. daily with roads opened nightly. Motorists are encouraged to avoid this area and use Bond Street and Wall Street.

 

  • Nels Anderson Road between Nels Anderson Place and Brandis Court, single northbound shoulder closure will be in effect, two-way traffic to be maintained. Project completion expected December 2017.