| The KUIK Market Update for Friday, February 6: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 42 | points | 17,927 | 8:02 AM | ||
| S&P500 | Up | 0.4% | percent | 2,070 | 7.54 | ||
| Nasdaq Composite | Up | 0.4% | percent | 4,782 | 16.49 | ||
| 30 Year Treasury | Up | 9 | Basis Points | 2.52 | Annual Yield | ||
| The Labor Department reports the U.S. added 257,000 jobs in January. Hiring in the last two months of 2014 was stronger than previously reported, the strongest pace of job creation in more than five years. Economists expected a gain of only 230,000 nonfarm jobs. The unemployment rate, edged up to 5.7% from 5.6% as more people entered the labor force in search of work. Average hourly wages jumped 0.5% in January to $24.75 after falling in December. That put the 12-month increase at 2.2%, close to a post-recession high. The amount of time people worked each week also remained at a postrecession high of 34.6 hours. | |||||||
| Precious metals were down on that employment report. April gold fell 1.6% to $1,243.10 an ounce after barely moving at all on Thursday. March silver fell or 1.5%, to $16.92 an ounce. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-gains-257000-jobs-in-january-unemployment-57-2015-02-06 | |||||||
| http://www.marketwatch.com/story/gold-tumbles-after-better-than-expected-jobs-report-2015-02-06?link=MW_latest_news | |||||||
| For today’s Market Update Report click to listen-> | |||||||