The Labor Department says a record 155,965,000 people were employed in July, the 11th record-breaker since President Trump took office 19 months ago. The unemployment rates for adult men (3.4 percent) and Whites (3.4 percent) declined in July. The jobless rates for adult women (3.7 percent), teenagers (13.1 percent), and Blacks (6.6 percent) showed little or no change. The unemployment rate for Hispanics hit a record low of 4.5 percent. The labor force participation rate, at 62.9 percent in July, was unchanged. Hourly earnings rose by cents to $27.05. For the year, hourly earnings have increased by 71 cents, or 2.7 percent.
Milwaukie, Oregon-based Bob’s Red Mill Natural Foods says that Bob Moore will give up the CEO title 40 years.
Dennis Vaughn, the company’s chief operating officer and vice president of operations, will take over as CEO. Moore, 89, founded the company in 1978. (PBJ)
Forbes contributor Jon Bird says consumers are “turning a blind eye to the environmental cost of online retail, particularly when it comes to packaging.” For instance, Blue Apron “sends out around 8 million meals a month, each one containing two six-pound ice packs,” and the “freezer pack waste is about 192,000 tons per year.”
S&P 500 is up 0 and the NASDAQ is up 4. The MSCI international index is lower.
Oil is up 91 cents at $69.43 a barrel.
Gold is down $6 at $1217 a Troy ounce.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.