09-27-2022  4:33 pm   •   PDX and SEA Weather
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NORTHWEST NEWS

Black United Fund Launches Emerging Entrepreneur Program

Pilot program will support promising small business owner ready to take the next step.

After a Rocky Start Oregon Drug Decriminalization Eyes Progress

When voters passed the state's pioneering Drug Addiction Treatment andRecovery Act in 2020, the emphasis was on treatment as much as on decriminalizing possession of personal-use amounts of heroin, cocaine, methamphetamine and other drugs. But progress has been slow and Oregon still has among the highest addiction rates in the country yet over half of addiction treatment programs in the state don't have enough staffing and funding to help those who want help

Morgan State University Students Win Zillow’s HBCU Hackathon With App That Measures Financial Credibility Outside of Credit Scoring

Second-annual competition challenged participants to develop new technologies to help consumers during their journey to find a home.

Portland, Oregon, to Use Microphones to Track Gunshots

The decision to advance a pilot program with ShotSpotter was made after Wheeler met with Police Chief Chuck Lovell.

NEWS BRIEFS

Expiring Protections: 10-Day Notices of Nonpayment of Rent And "Safe Harbor" Protections

Effective October 1, a Landlord will be able to resume use of a 72-hour notice or 144-hour notice when issuing a termination notice...

11 Area Post Offices to Host Hiring Events

Over 100 Northwest USPS Hosting Job Fairs ...

Rep. Janelle Bynum Champions Oregon Business and Sets Sights on Strengthening Key Industries

Rep. Bynum invited leaders and experts to discuss ways the state can champion businesses of all sizes, expand broadband, bolster the...

PPS Renames Headquarters

The central office will be named after Matthew Prophet, Portland Public School's first Black Superintendent from 1982-1992,...

Affordable Housing Plan to Go Before Seattle Voters

If I-135 passes it would create a public development authority ...

Prototype electric airplane takes first flight

MOSES LAKE, Wash. (AP) — A prototype, all-electric airplane took its first flight Tuesday morning in central Washington state. The Seattle Times reports that if the Federal Aviation Administration eventually certifies the small airplane to carry passengers, it could become the first...

State trooper who was shot expected to recover, father says

WALLA WALLA, Wash. (AP) — A Washington state trooper who was shot and wounded in Walla Walla Thursday is expected to make a full recovery, according to the man's father. Trooper Dean Atkinson Jr.’s father, Dean Atkinson Sr., said Monday that there’s nothing that would prevent...

Auburn loses 2nd center, Tate Johnson, to injury

AUBURN, Ala. (AP) — Auburn has lost its second center of the season with Tate Johnson slated for surgery on his left elbow. Tigers coach Bryan Harsin said Monday that Johnson is scheduled for surgery on the elbow Thursday and is expected to miss 6-8 weeks but could be out for the...

LSU survives Daniels' injury scare in romp over New Mexico

BATON ROUGE, La. (AP) — The LSU defense held New Mexico to 88 total yards and the Tigers survived an injury scare to starting quarterback Jayden Daniels in a 38-0 victory Saturday night at Tiger Stadium. “Once is an accident, twice is a coincidence, three times is a habit,” LSU...

OPINION

No Room for Black Folk

A recent interview with Dr. Ebony Elizabeth Thomas and an associate professor, reveals the inability of certain white Americans to share the benefits of our society ...

The Cruelty of Exploiting Vulnerable People for Political Advantage

There is always a new low for Trump Republicans. And that is pretty frightening. ...

The Military to American Youth: You Belong to Me

The U.S. military needs more than just money in its annual budget. It needs access to America’s young people as well — their wallets, their bodies, and their minds. ...

Financial Fairness at Risk With Proposed TD Bank-First Horizon Merger

As banks grow larger through mergers and focus on growing online and mobile services, serious concerns emerge on how fair and how accessible banking will be to traditionally underserved Black and Latino communities. ...

AFRICAN AMERICANS IN THE NEWS

Expert questions whether school shooter's mom drank heavily

FORT LAUDERDALE, Fla. (AP) — Prosecutors in the penalty trial of Florida school shooter Nikolas Cruz began their rebuttal of the defense case Tuesday by questioning whether his birth mother drank as heavily during pregnancy as some witnesses portrayed. They also showed his sometimes...

NAACP says Jackson's water problems are civil rights issue

JACKSON, Miss. (AP) — In a federal complaint Tuesday, the NAACP said Mississippi officials “all but assured” a drinking water calamity in Jackson by depriving the state’s majority-Black capital city of badly needed funds to upgrade its infrastructure. The organization asked the...

Federal court finds 3rd Iowa ag-gag law unconstitutional

DES MOINES, Iowa (AP) — A federal judge has struck down the third attempt by the Iowa Legislature to stop animal welfare groups from secretly filming livestock abuse, finding once again that the law passed last year violates free speech rights in the U.S. Constitution. The decision...

ENTERTAINMENT

A doc from the Disney family takes aim at the Mouse House

NEW YORK (AP) — Abigail E. Disney has been critical of the company that bears her name before. But for the first time, Disney, the granddaughter of co-founder Roy O. Disney, has put her views into the medium the Mouse House was built on: a movie. In the new documentary “The...

Procedural dramas jump to front in TV's opening week

NEW YORK (AP) — Besides live sports, the one thing broadcast networks can be counted on for these days is franchise procedural dramas. That was evident on opening week of a new television season, when the 10 most-watched scripted programs all fit this tried-and-true formula,...

TV hit ‘Peaky Blinders’ expands story through dance show

LONDON (AP) — Steven Knight looks astounded, almost lost for words. He’s just watched contemporary dance company Rambert run through scenes from the first act of their “Peaky Blinders” production, based on the hit TV show that he wrote and created. Watching the immediate...

U.S. & WORLD NEWS

FAFSA season starts: What you need to know for financial aid

NEW YORK (AP) — The Free Application for Federal Student Aid filing season starts Oct. 1 for the 2023-2024...

Over 194,000 Russians flee call-up to neighboring countries

TALLINN, Estonia (AP) — It took Vsevolod four days to drive from Moscow to Russia's southern border with...

Recreating Marilyn Monroe’s iconic outfits in ‘Blonde’

Marilyn Monroe’s on-screen costumes are almost as iconic as her. Think of the hot pink strapless gown she wore...

Live Updates: Russia-Ukraine War

KYIV, Ukraine — Pro-Moscow officials say residents in one of the four occupied areas of Ukraine voted to join...

Abe's militaristic funeral captures Japan's tense mood

TOKYO (AP) — The leadup to former Japanese Prime Minister Shinzo Abe's controversial state funeral could seem...

Japanese former leader Abe honored at divisive state funeral

TOKYO (AP) — Japan's assassinated hawkish former leader, Shinzo Abe, was given a rare state funeral Tuesday full...

By Steve Hargreaves CNN Money



The job market made solid improvement last month, sending signals to markets that the Federal Reserve is on track to start pulling back on its stimulus program.

The economy added 195,000 new jobs in June, beating economists' expectations of 155,000 jobs and matching the revised pace from May. Meanwhile, the unemployment rate remained unchanged at 7.6 percent.

Spring hiring was also stronger than previously thought. The number of jobs created in April was revised up by 50,000 positions, while May was revised higher by 20,000 jobs.

The report was being watched particularly closely by investors, in light of recent comments from Fed Chairman Ben Bernanke that caused wild swings in the markets.

Prior to Friday, the S&P 500 was down nearly 3 percent since May 22, when clues first emerged that the Fed may slow purchases of bonds and mortgages as early as this year. Bernanke later said the stimulus program could end altogether if unemployment hits 7 percent -- which the Fed expects by the middle of next year.

Despite no change in the unemployment rate, the underlying strength of the report led investors to believe that the bedrock of the economy is improving, and that the Fed will start to pull back sooner rather than later.

Stocks rose slightly and bonds sold off following the news.

For the last couple of weeks both stocks and bonds had been selling off, as investors fretted the Fed may be ending its stimulus program too early.

"Investors are beginning to believe that the economy actually may be strong enough to grow without the extreme monetary support," said Bill Hampel, chief economist at the Credit Union National Association. "When will we finally get back to the day when good news for the economy is taken as good news by the stock market? It's still early in the day, but it looks like we might finally be there."

The report contained little in the way of bad news, with the size of the labor force growing and the participation rate rising slightly. The number of long-term unemployed people also fell.

The biggest job gains were in leisure and hospitality (up 75,000), professional and business services (up 53,000), and retail (up 37,000). Construction and manufacturing were little changed.

The federal government shed 5,000 positions, continuing a trend brought on by the budget cuts that have eliminated 65,000 jobs in the last 12 months.

The number of people working part time because they couldn't find a full-time position rose by 322,000 from the month before. Some experts also pointed out that many of the newly-created jobs are in low-wage sectors.

"Three quarters of these would qualify as low-quality jobs," said J.J. Kinahan, chief strategist at TD Ameritrade.

Still, Kinahan noted that wages in June grew faster than the 12-month average, and was pleased with the report overall.

"This proves what the Fed has been saying -- the economy is improving," he said.

One of the few groups reeling may be those looking for a mortgage. Interest rates on home loans have surged over the last few weeks.

On average, the economy has created roughly 182,000 jobs a month over the last year. That's not bad, but it's not great either. Economists say that level of job growth barely keeps pace with the rising population, and is a far cry from the 250,000 jobs a month created during the boom times of the mid 1990s.

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