| The KUIK Market Update for Friday, August 7: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (87) | points | 17,333 | 8:06 AM | ||
| S&P500 | Down | -0.4% | percent | 2,075 | (8.34) | ||
| Nasdaq Composite | Down | -0.5% | percent | 5,033 | (23.81) | ||
| 30 Year Treasury | Down | (5) | Basis Points | 2.86 | Annual Yield | ||
| The Labor Department reports the US added 215,000 new jobs in July. The unemployment rate was unchanged at 5.3% to match the lowest level in seven years. Economists expected a seasonally adjusted 220,000 increase in nonfarm jobs. The labor force participation rate stuck to a 38-year low of 62.6%. | |||||||
| The average hourly wage paid to American workers rose 0.2% in July, but worker paychecks are still growing slowly. The typical worker earned $24.99 an hour, up 5 cents from June. Hourly wages rose 2.1% from July 2014. | |||||||
| Marketwatch reports The futures market is now pricing in a 75% probability that the Federal Reserve will vote to raise interest rates at the September meeting of Federal Open Market Committee, according to Citigroup. The market was pricing in around a 55% chance in September before that July jobs report, | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-creates-215000-jobs-in-july-setting-stage-for-rate-hikes-2015-08-07 | |||||||
| http://www.marketwatch.com/story/us-hourly-wages-rise-02-in-july-up-21-in-past-year-2015-08-07 | |||||||
| http://stream.marketwatch.com/story/markets/SS-4-4/SS-4-84672/ | |||||||
| For today’s Market Update Report click to listen-> | |||||||