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The US economy added 98,000 new jobs in March. Of those 89,000 were in the private sector.  The unemployment rate fell to 4.5%. (Labor Department)

Costco had higher comparable same store sales last month of 6%, following an increase of 4% in February and 7% in January. The company had sales of $11.64 billion in March, up 9% year over year. Costco, has 729 warehouse stores, 508 in the U.S. and Puerto Rico, 95 in Canada, 37 in Mexico and 79 in the rest of the world. (Zacks)

 

The Federal Reserve minutes from the March meeting show they were beginning to discuss the gradual reduction of the Fed's $4.5 trillion balance sheet.  No final decision was made. They also expressed concern about stock valuations. (LPL Research)

Initial jobless claims for the week showed a continued decline in those seeking unemployment benefits. The decrease in claims to 234,000 points toward a tightening labor market. This marks the 109th straight week the figure has come in below 300,000, a key threshold generally associated with a healthy labor market. (LPL Research)

Join us this weekend for Financial Focus Radio Show when will answer the question “What should I do if the stock market falls?”

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.
 

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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:

 

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  • 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.