Unemployment rose 2/10th’s of 1% in December: To 4.1%

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Jan 152019
 


Oregon’s Unemployment Rate Rises to 4.1 Percent in December

Oregon’s unemployment rate rose to 4.1 percent in December from 3.9 percent in November. Oregon’s unemployment rate has been close to 4 percent for the past two years. The U.S. unemployment rate also edged up two-tenths of a percentage point, to 3.9 percent in December from 3.7 percent in November.

In December, Oregon’s nonfarm payroll employment grew by 300 jobs, following a revised gain of 300 jobs in November. These two months of nearly flat employment trends followed four months of fairly rapid job gains that averaged 3,700 per month during July through October. In December, leisure and hospitality added 1,600 jobs, health care and social assistance added 1,000, and government added 900. The industries declining the most in December were professional and business services, which dropped by 1,900 jobs, and retail trade, which cut 1,500 jobs.

The federal government shutdown did not impact Oregon’s December federal government jobs tally.

Leisure and hospitality reflected solid demand for employees over the past four months. During a time of year when demand for restaurant services is typically declining, the industry kept total employment levels above the normal seasonal trends. Recent gains followed weaker hiring during the upswing from January through August. Looking at the longer term, leisure and hospitality added 2,500 jobs (a gain of 1.2%) over the past 12 months.

Retail trade experienced a weak holiday hiring period; employment dropped 3,000 jobs between October and December. This followed minimal growth going back to early 2017. In the past 12 months, retail trade cut 1,400 jobs (-0.7%) and was the only major industry with a drop of more than 1,000 jobs in that time. The sporting goods, hobby, book and music stores component of retail has downsized over the past few years due to changes in how customers acquire their goods and services. It employed 10,000 in December, which was a decline of 900 jobs since December 2017.

Oregon’s nonfarm payroll employment increased by 30,800 jobs, or 1.6 percent, since December 2017. In that time, construction remained the fastest growing industry, with a gain of 4,900 jobs or 4.8 percent. Only two other major industries grew by 3 percent or more: other services (+2,000 jobs, or 3.1%) and transportation, warehousing and utilities (+1,900 jobs, or 3.0%).

Weather or Not: Good Night, Sun

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Jan 152019
 

1/15/19 Increasing clouds today, high 55F, chance of rain developing tonight, low 45F, rain tomorrow, S winds 20-25mph gusting 35, high 50-55F. Outlook: rain likely Thu-Sun, occasionally windy, showers on Mon. High temperatures rising to 50-55F and lows dipping to 40-45F.

Beaches Today:
Surf Height…………..9 to 13 ft.
Weather………………Mostly cloudy. Highs around 55.
Wind…………………Southeast 10 to 15 mph.
Tides (South Beach)…
High tide…8.1 ft at 06:43 AM PST.
Low tide….2.1 ft at 01:37 PM PST.
High tide…5.8 ft at 07:48 PM PST.
Sunrise – 7:51 AM PST. Sunset – 5:01 PM PST.

Marine: A Gale Watch is in effect for Central Coast waters from tomorrow afternoon through Thursday evening for S winds building to 25-30 knots gusting 40, combined rough seas 20 feet with a dominant period of 15 seconds.

Blue Line Safety Zone behind Lincoln County Courthouse

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Jan 142019
 

Dedication of Blue Line Safety Zone on south side of Lincoln County Courthouse!
L-R: Doug Hunt, Kaety Jacobson, Claire Hall, Sheriff Curtis Landers


Lincoln County Sheriff Curtis Landers got the blessing of the Lincoln County Commission Wednesday to launch an experiment on the south side of the County Courthouse and Jail area.

They’re calling it the Blue Line Safety Zone – a place where people selling things on the internet can meet up with interested buyers who might otherwise feel unsafe meeting a stranger selling something. Within the Blue Line Safety Zone, the Sheriff’s Office has cameras aimed at the zone, under full bright lights, so that if anything goes wrong, law enforcement can video record what happened or actually run down there and keep order. Landers says child custody exchanges are especially welcome. Sheriff Landers said at an earlier County Commission meeting that other “blue line” areas seem to be working across the country. Sheriff Landers says he wants to give it a chance to work in Newport as well.

Click here for details

Update on Climate Change from OSU

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Jan 142019
 

Mt. Hood
OSU photo


A new study has found that changes in the atmospheric circulation since the 1980s have offset most of the impact of global warming on winter snowpack in the mountains of the western United States.

Researchers say the observed circulation changes are driven by natural fluctuations in sea-surface temperatures in the Pacific Ocean, and are unlikely to last much longer, portending an accelerated decline in winter mountain snowpack over the next few decades.

The study appears in the journal Geophysical Research Letters.

“The western U.S. has received a big assist from natural variability over the past 35 years,” said Nick Siler, an Oregon State University atmospheric scientist and lead author on the study. “That’s been great for us so far, but it’s bad news for the future.”

Changes in snowpack reflect both natural variability and human forcing, primarily from carbon dioxide emissions. To isolate the forced component of snowpack trends, Siler and his colleagues identified the natural circulation patterns that control year-to-year fluctuations in winter snowpack, and then removed their contribution to snowpack trends since the early 1980s, when monthly snowpack observations began.

The authors found that without the contribution from natural variability, the western U.S. would have experienced a much larger decline in winter snowpack, especially in the Cascades and Sierra Nevada.

In the Oregon Cascades, for example, the authors found that rising temperatures due to human emissions on their own would have caused average snowpack on April 1 to decline by 18 to 54 percent since the 1980s. However, this forced response has been mostly offset by a positive contribution to snowpack trends from natural variability. Historical trends represent the sum of these competing contributions, explaining why snowpack has not significantly declined over the past 35 winters.

The natural contribution reflects a shift in the atmospheric circulation associated with strong winds that bring more moisture into the region from the Pacific Ocean. Siler said he expects a different scenario to play out over the next few decades, as the current phase of natural variability subsides, likely giving way to a circulation pattern that is less favorable for snowpack accumulation.

“Natural variability has masked the impact of global warming on snowpack for as long as I’ve been alive,” said Siler, who was born in 1983. “But in the next few decades, I think we’re more likely to see natural variability amplify, rather than offset, the loss of snowpack due to global warming.”

Siler is in OSU’s College of Earth, Ocean, and Atmospheric Sciences. Co-authors on the study include Cristian Proistosescu, University of Washington, and Stephen Po-Chedley, Lawrence Livermore National Laboratory.

Lincoln City City Council, Monday night. Busy agenda!!

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Jan 142019
 

Bijou Theater gets permission from City Council to offer libations before a movie.

The Lincoln City City Council Monday Evening recommended to the state Liquor Control Commission that the Bijou Theater in town be granted a liquor license for sit-down libations. Usually when a city council or county commission recommends thumbs up, the liquor commission usually goes along and issues the permit. No word on when the new service will be available at the Bijou.

Failing retaining wall at 48th and 51st near Schooner Creek Road


The Lincoln City City Council approved a contract to replace about two-third of the retaining wall at SE 48 and 51st. The wall was built many years ago and the hillside has moved and so the city wants to re-fortify the hillside while protecting a city water main behind it. Sticker price on the project is just over $300,000.

Tiny House
Exterior

The city council unveiled plans to allow tiny houses in cluster to help provide small but decent housing for local workers – tiny houses either for sale or rental.

Tiny House cluster with parking


The zoning will allow 4 tiny houses on a 5,000 square foot lot with room for four parking spaces. There will be special zoning for the tiny homes in select areas of town. Again, these homes can be either purchased or serve as rentals.

Work Force Housing
Multi-family, single/multi entries

The council also considered zoning for what’s called Work Force Housing, mainly blue collar families and up who might enjoy living in a large building that looks like a mansion but which is really a “house-looking” four-plex – two units downstairs, two upstairs. These can be easily incorporated in more traditional single family zoned areas. Variations of the theme are endless with single entrances around the perimeter of the building, or exterior stairwells reaching three stories – some with attic apartments.

In all of the above, there will be strict zoning limitations on where these new housing units will be appropriately placed. Lincoln City has been pushing-the-envelope on bringing down the cost of housing for an area whose housing is very expensive – especially for its tourist and retail related workers.

Lincoln City Police is acquiring a K-9 “unit”


And finally, the Lincoln City Police Department has decided it’s time to acquire a police dog, or K-9 unit. Police say the police dog is an expensive addition to law enforement but worth every penny in aggressive defense of officers and in the “take-down” of violent suspects. Also, of course, they have a great sense of smell which comes in handy in tracking down illegal drugs. Lincoln City Police has put out a call to the Lincoln City community to help them fundraise for their fully trained K-9 acquisition which includes police officer training as well. Sticker price: $75,000. Lincoln City Police is seeking donations from the community to help defray those costs.

Those who would like to donate can do so by going to the police department’s special website: www.LincolnCityK9.com

Driver swerves to avoid a deer – Winds up in the ditch

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Jan 142019
 

7:45pm
A woman driving along E Devils Lake Road at Hill in Lincoln City, swerved to avoid hitting a deer Monday night. Unfortunately she wound up in the ditch with her car on its side. She was slightly injured. No word on the deer, but it wasn’t mentioned by police.

Ambulance on scene evaluating the driver’s injury.

Leave Your Mark on Lincoln City’s New Hospital!!

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Jan 142019
 


Leave your mark on new Samaritan North Lincoln Hospital with beam signing
Everyone is invited to leave their mark on the replacement Samaritan North Lincoln Hospital by signing well wishes on the final support beam before it is put in place during a topping-out ceremony. This construction milestone will happen on Friday, Jan. 25, unless there are high winds or icy conditions.

During the week leading up to the topping-out ceremony, the beam will be available to sign at the southwest construction entrance off 28th Street, next to the hospital’s south entrance. Dates and times that it will be available are Monday, Jan. 21 through Thursday, Jan. 24, 7 a.m. to 5 p.m., and Friday, Jan. 25, 7 to 11 a.m.

At 11 a.m. on Jan. 25, the Skanska USA Building team will host a meet-and-greet with refreshments in the hospital’s Education Conference Room. Shortly before noon, the group will move to the south entrance to watch the final beam be put in place during the topping-out ceremony. While it is difficult to pin down the exact beginnings of this construction tradition, most all agree that it symbolizes good luck for future occupants, continued growth and a safe workplace.

For questions, contact Mary Jo Kerlin, Marketing & PR Coordinator, at 541-557-6208 or mkerlin@samhealth.org.

Bad accident Lincoln City: 2150 SW Hwy 101 – near Bear Valley Nursery

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Jan 142019
 

5:34pm
Report of a bad accident at 2150 SW Highway 101, near the Bear Valley Nursery in Lincoln City. Watch for emergency vehicles.

5:38pm
Emergency responders are trying to keep one lane of traffic open while they deal with the crash.

5:40pm
Police are starting to get northbound traffic through the crash area.

5:41pm
First ambulance is coming on scene.

5:43pm
Making room for the ambulance. Patients being loaded aboard.

6:20pm
Wreck is cleared. Highway 101 is back to normal traffic flow.

High Quality Hospitality is Where You Find It…just south of Yachats!

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Jan 142019
 

Bed and Breakfast

OCEAN CREEK BED AND BREAKFAST EARNS
SUPERHOST STATUS FROM AIRB&B FOR 10th TIME

Ocean Creek Bed and Breakfast has been named a “Superhost” by airb&b for the tenth time in a row with an overall rating of five stars and a 100 percent response rate. Ocean Creek Bed and Breakfast, located at 1010 Hwy. 101 S., Yachats, was opened Oct. 31, 2015 by owners and innkeepers Jim Murphy and Diane Disse.

“We’re pleased to have a great working relationship with airb&b,” Murphy said. “We also book through a number of other travel sites and through our own website, OceanCreekBedandBreakfast.com, and can be called directly at 541-547-4113,” he added. “You also can follow us on Facebook.”

The commendation from airb&b stated, “You’re a Superhost! You’ve earned Superhost 10 times in a row! Your hard work and amazing hosting skills keep shining through.”

Ocean Creek offers two bedrooms with private baths and two living-room and bedroom suites with kitchenette, bath, fireplace, and skylights. The two rooms have jetted tubs, one with a two-person jetted tub that looks out to the ocean. Ocean Creek Bed and Breakfast is located in a forest setting directly across from the ocean and also has a lovely creek on the north side.

Murphy and Disse are grateful to the guests and to the many people in Yachats who have been very helpful and supportive.

And now a word from the Toledo Library!

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Jan 142019
 

Toledo Library
Toledo, Oregon

“The more you read, the more you know. The more you learn, more places you’ll go.” – Dr. Seuss

Toledo Public Library is excited to partner with the Toledo Food Share Pantry offering free books to their patrons in the Toledo/Elk City/Sawyers Landing areas.

The library is providing a book rack and donating books to the pantry for participants to peruse and select up to two books per visit. Toledo Public Library is excited to provide these books, especially for the children. Books give children a lifelong advantage by developing a love for books and reading. It helps to brighten and enhance the early literacy skills of children throughout our community. Happy reading!

For more information please contact the library at 541-335-3132 or librarydirector@cityoftoledo.org.

Commotion down on the Bayfront – Newport PD handled it…

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Jan 142019
 

Eric Drennen, 33
LCJ photo


On January 13th, 2019 the Newport Police Department responded to the Bayfront, near the 600 block of SW Bay Blvd., on a report of a subject threatening to molest an 8 year old female. Officers arrived and contacted the victim juvenile, along with her parent. Further investigation revealed Eric Ross Drennen, 33 of Newport, had made statements to the victim about molesting them, as well as placing the victim in fear of personal harm by Drennen’s words and actions.

Officers located Drennen in the area and attempted to talk to Drennen about the incident. Drennen walked away from officers while he was being questioned. Officers attempted to detain Drennen in handcuffs, Drennen pulled away and resisted officers attempts to restrain him.

Drennen was eventually detained. Officers escorted Drennen to a patrol vehicle, where officers attempted to place him inside to transport Drennen to the Lincoln County Jail. Drennen resisted officers’ attempts and refused to be loaded. An OSP Game Trooper, who was driving past, stopped and rendered assistance. Not wanting to risk injury to Drennen or any officers, NPD officers requested the jail transport van. Once the jail van was on scene, officers were able to secure Drennen in the vehicle, and transport him to the jail without further incident.

Eric Ross Drennen was booked into jail on the following charges;

Disorderly Conduct
Menacing
Resisting Arrest

Newport Police arrest Lincoln City man who was driving a stolen car

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Jan 142019
 

Ruben Mosqueda, 24, Lincoln City

On 01/12/19, at approximately 01:30 a.m., Newport Police Officers attempted a traffic stop of a 2001 Honda Civic in the Walmart parking lot for Traffic Violations.

Upon initiating the traffic stop, Officers learned that the vehicle was reported as stolen out of Vancouver, Washington. The vehicle slowly came to a stop in the parking lot, then sped away from Officers. The vehicle traveled westbound on NW 25th St to NW Oceanview then turned southbound as the pursuit continued with speeds reaching 60 mph. Other responding Officers were able to set up spike strips near the intersection of NW Spring St and NW 10th St. The suspect vehicle hit the spike strips which deflated both passenger side tires. The pursuit continued through the Nye Beach area and then onto Hwy 101. The suspect vehicle left Hwy 101 just north of the Yaquina Bay Bridge and led Officers through Yaquina Bay State Park and finally came to a stop on the North side of the State Park, initiating a high risk traffic stop by Officers.

The driver of the suspect vehicle was taken into custody without further incident and identified as Ruben Mosqueda age 24 from Lincoln City.

Further investigation revealed that Mosqueda had an active Probation Violation Warrant for his arrest out of Hood River County.

Mosqueda was taken into custody and lodged at the Lincoln County Jail on the following charges:

Attempt to Elude Police (Felony)
Reckless Driving
Possession of a Stolen Vehicle
Unauthorized Use of a Vehicle
Warrant for Probation Violation
Mosqueda’s bail was set at $165,000.

Newport Police Officers were assisted during this incident by Deputies of the Lincoln County Sheriffs Office.

Women’s March this Saturday at Newport City hall

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Jan 142019
 

Womens’ March in Newport, Saturday,
January 19, 12:30pm
Newport City Hall

The march is about restoring human rights and democracy to our country.

I for one am marching because I am tired and mentally exhausted from the constant Trump chaos. I am marching to voice my opposition to the fact that a minority group of extremists is ruling our country and shutting down our government, that kids are being held in cages at the border, that Trump and his Republicans are stacking the courts and the justice department, lie constantly and are now hurting a lot of Americans with their shutdown. I am part of the silent majority that wants an open government and a return to sanity, truth, our democratic principles. And I am marching for that.

Nell Austen

Hybrid Funds: Balanced, Lifestyle or Target??

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Jan 142019
 

Click here for Details


Duane Silbernagel
Waddell & Reed

Hybrid Funds: Balanced, Lifestyle, or Target?
Provided By: Duane J. Silbernagel, CFP®

Holding a mix of stocks and bonds is fundamental to building a portfolio that can pursue growth while potentially remaining more stable than a stock-only portfolio during market downturns. Many investors approach this goal by owning a mix of individual securities, a mix of funds, or both. However, some hybrid funds try to follow the same strategy in a single investment.

Although the goal of these funds is simplicity, they are not as simple as they may appear, and different types of hybrid funds have very different objectives.

Balanced funds

Balanced funds typically strive for a specific asset mix — for example, 60% stocks and 40% bonds — but the balance might vary within limits spelled out in the prospectus. Theoretically, the
stocks in the fund provide the potential for gains while the bonds may help reduce the effects of market volatility.

Generally, balanced funds have three objectives: conserve principal, provide income, and pursue long-term growth. Of course, there is no guarantee that a fund will meet its objectives. If you are investing in a balanced fund or considering whether to do so, you should understand the fund’s asset mix, objectives, and rebalancing guidelines as the asset mix changes due to market performance. Rebalancing is typically necessary to keep a balanced fund on track, but could create a taxable event for investors.

Lifestyle funds

Lifestyle funds, also called target-risk funds, include a mix of assets designed to maintain a consistent level of risk. These funds may be labeled with terms such as conservative, moderate, or aggressive. Because the targeted risk level remains consistent over time, you may want to shift assets from one lifestyle fund to another as you approach retirement or retire. A conservative lifestyle fund might be an appropriate holding throughout retirement.

Target-date funds

Target-date funds contain a mix of assets selected for a specific time horizon. The target date, usually included in the fund’s name, is the approximate date when an investor would
withdraw money for retirement or another purpose, such as paying for college. An investor expecting to retire in 2035, for example, might choose a 2035 fund. As the target date approaches, the fund typically shifts toward a more conservative asset allocation to help conserve the value it may have accumulated. This transition is driven by a formula called the glide path, which determines how the asset mix will change over time. The glide path may end at the target date or continue to shift assets beyond the target date.

Funds with the same target date may vary not only in their glide path but also in the underlying asset allocation, investment holdings, turnover rate, fees, and fund performance. Variation tends to be greater as funds near their target date. If you own a target-date fund and are nearing the target date, be sure you understand the asset mix and whether the glide path extends beyond the target date.

All in one?

Traditional balanced funds typically contain a mix of individual securities. Although these funds may be an appropriate core holding for a diversified portfolio, they are generally not intended to be an investor’s only holding. However, some balanced funds and most lifestyle and target-date funds include a mix of other funds. These “funds of funds” are often intended to offer an all-in-one portfolio investment. You may still want to hold other investments, but keep in mind that investing outside of an all-in-one fund may change your overall asset allocation. Asset allocation and diversification are widely accepted methods to help manage investment risk; they do not guarantee a profit or protect against investment loss.

Additional considerations

The principal value of a target-date fund is not guaranteed before, on, or after the target date. There is no guarantee that you will be prepared for retirement on the target date or that any fund will meet its stated goals. The return and principal value of all funds fluctuate with changes in market conditions. Shares, when sold, may be worth more or less than their original cost.

Mutual funds are sold by prospectus. Please consider the investment objectives, risks, charges, and expenses carefully before investing. The prospectus, which contains this and other information about the investment company, can be obtained from your financial professional. Be sure to read the prospectus carefully before deciding whether to invest.

Although the goal of hybrid funds is simplicity, they are not as simple as they may appear, and different types of hybrid funds have very different objectives.

I hope you found this beneficial and informational. For more information about me and my services, visit my website:
www.duane.wrfa.com

Thank you for your interest.
Duane Silbernagel is a Financial Advisor in Lincoln City, Oregon offering securities through Waddell & Reed, Inc., Member FINRA and SIPC. He can be reached at (541) 614-1322 or via email at DSilbernagel@wradvisors.com. 
This article is meant to be general in nature and should not be construed as investment or financial advice related to your personal situation. The article was written by an independent third party, Broadridge Investor Communication Solutions, Inc. (Copyright 2018) and is provided for informational and educational purposes only. Waddell& Reed is not affiliated with www.newslincolncounty.com website and is not responsible for any other content posted to this website.  (01/19)

A Lincoln County resident writes a fun book about Yachats!!

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Jan 142019
 

YACHATS SHIVERS is a short story about a newbie’s experiences in her new town of Yachats. This tiny, colorful hamlet is nicknamed The Gem of the Oregon Coast, although the name Yachats comes from the Siletz language and means “dark water at the foot of the mountain.” Why is that, she wonders. In the 10 nights leading up to Halloween, she hears, sees, and senses much that cannot be explained. But then her discovery of what it all means unfolds before her on Halloween night!

Is it real? Is it fiction? Rosetta says it is “about 50% truth, & 50% fantasy… and you might be surprised which is which!”

To learn more about Rosetta Kilby’s first excursion into authorship, click here.