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.