| The KUIK Morning Market Report for Thursday, April 30: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (75) | points | 17,960 | 6:55 AM | ||
| S&P500 | Down | -0.5% | percent | 2,096 | (10.42) | ||
| Nasdaq Composite | Down | -0.6% | percent | 4,994 | (29.24) | ||
| 30 Year Treasury | Up | 5 | Basis Points | 2.79 | Annual Yield | ||
| The Labor Department reports that initial claims for unemployment benefits fell to a seasonally adjusted 262,000 in the week ended April 25th, that’s a 15 year low and down from a revised 296,000 last week. Continuing claims fell by 74,000 to 2.25 million in the week ended April 18. That’s also a 15-year low. | |||||||
| The Labor Department also reports the cost of employing the average U.S. worker climbed 0.7% in the first quarter, according to the employment cost index . Economists expected a 0.6% gain. Wages, which are 70% of employment costs, rose 0.7% in the quarter, while benefits rose 0.6%. Over the past 12 months, employment costs have climbed 2.6%, the fastest rise since the fourth quarter of 2008. | |||||||
| The Chicago Purchasing Managers Index jumped in April to a reading of 52.3 up from 46.3 in March, going back above the 50-mark signaling expansion. A double-digit gain in the new orders component led to the advance. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-sink-to-15-year-low-2015-04-30 | |||||||
| http://www.marketwatch.com/story/wages-pick-up-in-the-first-quarter-2015-04-30 | |||||||
| http://www.marketwatch.com/story/chicago-pmi-back-in-positive-territory-for-april-2015-04-30 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||