| The KUIK Market Update for Friday, February 7: | |||||||
| Markets are up this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 51 | points | 15,680 | 8:00 AM | ||
| S&P500 | Up | 0.51% | percent | 1,782 | 9.02 | ||
| Nasdaq Composite | Up | 0.72% | percent | 4,086 | 29.37 | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.65 | Annual Yield | ||
| The Labor Department’s Bureau of Labor Statistics reports that the US added only 113,000 jobs in January, according to the business establishment survey. Economists polled by Marketwatch expected 190,000 jobs. But the household survey was strong. Employment was up by 616,000, the labor force increased by 499,000, and unemployment fell by 117,000, after adjusting forthe updated population. The unemployment rate dropped to 6.6% from 6.7% in December. That’s the lowest level since October 2008. The labor force participation rate edged up to 63.0% from 62.8% in December, which matched a 35-year low. Government payrolls dropped by 29,000. Over the past three months, the household survey says employment has increased by an average of 580,000 per month. The establishment survey says payrolls have increased by just 154,000 per month. | |||||||
| The Financial Times reports that IBM is exploring the sale of its semiconductor manufacturing business. It plans to retain its chip-design capability. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-economy-adds-113000-jobs-in-january-2014-02-07 | |||||||
| http://www.marketwatch.com/story/ibm-looking-to-sell-chip-manufacturing-operations-2014-02-07 | |||||||
| For today’s Market Update Report click to listen-> | |||||||