| The KUIK Morning Market Report for Friday, August 7: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (68) | points | 17,473 | 7:14 AM | ||
| S&P500 | Down | -0.2% | percent | 2,080 | (4.01) | ||
| Nasdaq Composite | Down | -0.2% | percent | 5,047 | (9.78) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 2.87 | 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 tuck 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. From July 2014 to July 2015, hourly wages rose 2.1% | |||||||
| Gold prices erased small gains to turn moderately lower , staying on track for a weekly decline after that jobs report left expectations for a Federal Reserve rate hike intact. December gold fell 0.5%, to $1,084.80 an ounce. September silver fell 0.1%, to $14.66 an ounce. | |||||||
| 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://www.marketwatch.com/story/gold-inches-higher-before-jobs-data-still-down-for-week-2015-08-07?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||