| The KUIK Morning Market Report for Friday, March 6: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (72) | points | 18,062 | 7:03 AM | ||
| S&P500 | Down | -0.4% | percent | 2,093 | (7.74) | ||
| Nasdaq Composite | Down | -0.1% | percent | 4,977 | (6.20) | ||
| 30 Year Treasury | Up | 7 | Basis Points | 2.79 | Annual Yield | ||
| The Labor Department reports the US created 295,000 new jobs in February, up from a revised 239,000 in January. The unemployment rate fell to 5.5% from 5.7%, for the lowest level since May 2008. Hourly wages rose 3 cents, or only 0.1%, to $24.78. Over the past 12 months wages have risen 2%, about two-third as fast as they usually grow when the economy is growing rapidly. More people also stopped looking for work last month, reducing the labor force participation rate to 62.8% lowest level since the 1970s. | |||||||
| The U.S. trade deficit narrowed in January after hitting a two-year high in December. The nation’s trade gap narrowed 8.4% to $41.8 billion from revised $45.6 billion in December, according to the Commerce Department. Economists expected $40.6 billion. Exports fell 2.9% while imports fell 3.9%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/economy-gains-295000-jobs-in-february-2015-03-06 | |||||||
| http://www.marketwatch.com/story/us-trade-deficit-narrows-84-to-418-billion-in-january-2015-03-06 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||