| The KUIK Market Update for Tuesday, June 10: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (12) | points | 16,931 | 8:01 AM | ||
| S&P500 | Down | -0.1% | percent | 1,950 | (1.50) | ||
| Nasdaq Composite | Down | -0.1% | percent | 4,334 | (2.05) | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.47 | Annual Yield | ||
| Job openings at U.S. workplaces rose to 4.46 million in April — the most since September 2007 up from 4.17 million in March, according to the Department of Labor. Compared with 2013, April job openings are up 17%, as private-sector openings increased 18% to 4.05 million, and government positions ticked up to 410,000 from 408,000. With 9.75 million unemployed people in April, there were about 2.2 potential job seekers per opening, below March’s ratio of 2.5. In April 2013, there were 11.68 million unemployed people — about 3.1 potential seekers per opening. When the recession began in December 2007, there were less than two potential job seekers per opening. | |||||||
| The Commerce Department reports wholesale inventories rose 1.1% in April, while wholesale sales climbed 1.3%. At April’s sales pace, the inventory-to-sales ratio was unchanged at 1.18 months. Inventories also grew 1.1% in March while sales increased 1.6% in that month. Inventories of durable goods rose 0.9% in April, while inventories of nondurables increased 1.4% | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/april-job-openings-rise-to-446-million-2014-06-10 | |||||||
| http://www.marketwatch.com/story/us-wholesale-inventories-climb-11-in-april-2014-06-10 | |||||||
| For today’s Market Update Report click to listen-> | |||||||