Business News

Rising Interest Rates Drive Stock Sell Off

The Labor Department says the US economy added 200,000 jobs in January -- 196,000 were private sector jobs. The unemployment rate is 4.1%.

The Labor Department said U.S. worker productivity dipped 0.1% in the fourth quarter. It was the first drop and weakest performance since the first quarter of 2016.
Productivity increased 1.2% in the 2017, the strongest performance since 2015.

The Commerce Department said U.S. construction spending increased 0.7% in December to an all-time high of $1.25 trillion. Spending on private construction projects rose 0.8% to a record high of $963.2 billion.

The Institute for Supply Management said its manufacturing index in January fell 0.2% to 59.1 in December.

Mondelez International beat the street by a penny with quarterly profits of 57 cents per share. Mondelez saw strong growth in emerging markets and strong demand for Cadbury and Oreo products in Europe. (CNBC)

Join us this weekend for Financial Focus Radio when we will tackle the question – Is the correction finally here?

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

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