George Noorey


George Noorey

12:00am - 6:00am

Business News

The big government jobs report is out and the economy added 222,000 new jobs in June. Of those 187,000 were in the private sector. The unemployment rate rose to 4.4%. (Labor Department)

Ford reported a 15% jump in China vehicle sales in June, its biggest year-over-year increase so far in 2017. (CNBC)

Total mortgage application volume increased 1.4% for the week, but was 26% below one year ago. Refinancing dipped 0.4% for the week. Purchase applications rose 3% for the week and are 6% higher compared with a year ago. The average interest rate for 30-year fixed-rate mortgage was 4.20%. (Mortgage Bankers Association)

NORPAC Foods will eliminate 223 jobs in Salem with the sale of its canning business to Seneca Foods. NORPAC will also close a processing plant in Hermiston and move that work to Brooks and to Quincy, Washington. No word on associated job loses with that closure. (OregonLive)

Join us this weekend for 2 hours of wealth building advice on Financial Focus Radio, when I will be joined by our two Millennial wealth mangers Josh and Sarah.

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


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