| The KUIK Market Update for Friday, June 7: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 171 | points | 15,212 | 8:01 AM | ||
| S&P500 | Up | 0.97% | percent | 1,638 | 15.67 | points | |
| Nasdaq Composite | Up | 0.84% | percent | 3,453 | 3.24 | points | |
| 30 Year Treasury | Up | 7 | Basis Points | 3.31 | Annual Yield | ||
| The Labor Department report the U.S. created a net 175,000 jobs in May, all in the private sector. The increase exceeded the 164,000 forecast of economists polled by MarketWatch. The unemployment rate, drawn from a separate survey of households, edged up to 7.6% from 7.5% as more people entered the labor force in search of work. The size of the labor force increased by 420,000. As a result, the civilian participation rate rose for the first time since October to 63.4%. | |||||||
| Retired Fed Chairman Alan Greenspan says the Fed should “get moving” on slowing down its bond-purchase program. In an interview on Greenspan said markets should be prepared for a much more rapid rise in long-term bond rates than is expected. | |||||||
| The Canadian dollar surged after employers in Canada hired more workers than expected in May. That nation’s economy added 95,000 jobs, more than six times greater than economists’ expectations of 15,000 jobs. The increase represented the biggest net gain in new jobs in one month since August 2002, and it pushed Canada’s unemployment rate down to 7.1%. Forecasts had called for the rate to hold at 7.2% | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-generates-175000-jobs-in-may-2013-06-07 | |||||||
| http://www.marketwatch.com/story/greenspan-fed-should-get-moving-on-tapering-2013-06-07 | |||||||
| http://www.marketwatch.com/story/loonie-leaps-on-canadas-impressive-jobs-report-2013-06-07?dist=markets | |||||||
| For today’s Market Update Report click to listen-> | |||||||