| The KUIK Morning Market Report for Thursday, July 2: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 38 | points | 17,796 | 7:00 AM | ||
| S&P500 | Up | 0.2% | percent | 2,081 | 3.98 | ||
| Nasdaq Composite | Down | 0.0% | percent | 5,013 | (0.28) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.18 | Annual Yield | ||
| The Labor Department reports the economy created 223,000 new jobs in June, reflecting a pickup in hiring that’s likely boost U.S. growth in the second quarter. However wages were flat and job gains in April and May were reduced by a combined 60,000. Economists expected 225,000 nonfarm jobs. The unemployment ratefell to 5.3% from 5.5% to mark the lowest level since the spring of 2008, but the decline stemmed from 432,000 people mostly new high school graduates leaving the labor force. | |||||||
| The Labor Department also reports new applications for unemployment benefits rose in late June to a five-week high, up 10,000 to 281,000 in the week ending June 27. Economists expected a seasonally adjusted 275,000. Initial claims have stayed below the key 300,000 mark for 17 straight weeks, reflecting a record low level of layoffs and a steady increase in new hiring in a gradually improving U.S. labor market. Continuing jobless claims climbed 15,000 to 2.26 million in the week ended June 20. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-creates-223000-jobs-in-june-unemployment-53-2015-07-02 | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-hit-five-week-high-of-281000-2015-07-02 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||