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Today’s employment report shows the jobless rate fell sharply last month to 9% and private sector payrolls increased by about 50,000 jobs. The White House issued a statement saying the overall economic trend has been encouraging; but Troy Reinhart with Northwest Quadrant Wealth Management in Bend says its too early to call it a trend. There is some conflicting data, and some people have left the labor force: “At the end of the day this is, at best, a confusing report. And it's probably one best to put in the trash can and wait and see what happens in February, ‘cause it really doesn't fit in with any of the economic data we've gotten. Their was about 770,000 jobs. It appears, looking at the numbers that were impacted by the weather. So its a whole lot of noise is what it is and I expect the unemployment rate to jump back up as more people enter the workforce." 

Reinhart says the Bond Market took the report as good news and the 10 year Treasury Rate went up.  The Stock Market seemed to have a mixed reaction, but he believes the uncertainty in Egypt had a bigger impact on the Stock Market.

 

 

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Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 
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