Morning Market Report 5/2/2014

The KUIK Morning Market Report for Friday, May 2:
Markets are up.
Index Direction Change Units Last Time Change
Dow Up                     17 points           16,575 6:53 AM
S&P500 Up 0.2% percent             1,887             3.30
Nasdaq Composite Up 0.0% percent             4,129             1.36
30 Year Treasury Up                       3 Basis Points               3.44 Annual Yield
The Labor Department reports The economy created 288,000 nonfarm jobs last month, for the best performance January 2012. Gains for March and February were also revised upward by a combined 36,000. The unemployment rate dropped to 6.3% from 6.7%, the lowest level since September 2008. The rate dropped because fewer people said they were unemployed, but the size of the labor force also fell. The labor-force participation rate fell to 62.8% from 63.2%, matching a 35-year low.
The Census Bureau reports that just 74.4 million American households, less than 65% of the country owned the homes they lived in during the first quarter of this year. That was the lowest level since 1995 and a big drop from 2006, when a peak of 76.5 million households, or 68.9%, were owner-occupied. The National Endowment for Financial Education released a poll this week that showed only 13% of Americans considered home ownership as their “top long term financial goal,” down from 17% in 2011.
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/us-economy-gains-288000-jobs-in-april-2014-05-02
http://www.marketwatch.com/story/many-renters-have-enough-money-to-buy-homes-2014-05-02
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