| The KUIK Morning Market Report for Thursday, June 6: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 4 | points | 14,969 | 6:55 AM | ||
| S&P500 | Up | 0.02% | percent | 1,609 | 0.32 | points | |
| Nasdaq Composite | Up | 0.16% | percent | 3,406 | 3.24 | points | |
| 30 Year Treasury | Up | 1 | Basis Points | 3.27 | Annual Yield | ||
| The Labor Department reported initial jobless claims fell by 11,000 to a seasonally adjusted 346,000 in the week ended June 1, Economists surveyed by MarketWatch expected 345,000 from a revised 357,000 the week before. The four-week average of claims, considered a more reliable measure than the volatile weekly number, rose by 4,500 to 352,500 to mark the highest level in six weeks. | |||||||
| Monthly job cuts declined for the third consecutive month in May, as U.S.-based employers announced plans to trim payrolls by 36,398, 4.5% fewer than April, according to outplacement firm Challenger, Gray & Christmas. The May total was 41% lower than the same month a year ago. Year-to-date, employers have announced 219,560 planned job cuts, a drop of 11%. On a percentage basis the largest increase in job cuts have been in media, and the largest by number of layoffs in. the financial sector. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-fall-11000-to-346000-2013-06-06-81033611 | |||||||
| http://www.marketwatch.com/story/job-cut-announcements-down-for-third-month-2013-06-06 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||