The Department of Labor says the US economy added 156,000 new jobs in August, 165,000 in the private sector and government cut 9,000 jobs. The unemployment rate was up to 4.4%.
Reuters and Bloomberg report Oregon’s largest tech company, Lattice Semiconductor, is making a direct appeal to President Trump to salvage its sale to Chinese firm Canyon Bridge Capital Partners. The company, backed by the Chinese government, has made an offer for Lattice of $1.3 billion, or $8.30 a share.
Wilsonville based Flir Systems, says their new CEO is reorganizing. Flir COO Tom Surran will resign effective September 30th. Flir is a manufacturer of night-vision and thermal imaging cameras. Flir reported $1.66 billion in revenue last year, and profits of $167 million.
The Commerce Department said U.S. consumer spending rose 0.3% in July and inflation increased at a 1.4% annualized rate, its slowest pace since late 2015.
Personal income increased 0.4% last month. Wages and salaries advanced 0.5%.
Join us this weekend for Financial Focus Radio when we will talk about – is it better after 50?
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.