| The KUIK Market Update for Friday, September 4: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (246) | points | 16,129 | 8:59 AM | ||
| S&P500 | Down | -1.4% | percent | 1,925 | (26.60) | ||
| Nasdaq Composite | Down | -0.8% | percent | 4,694 | (39.61) | ||
| 30 Year Treasury | Down | (6) | Basis Points | 2.89 | Annual Yield | ||
| The Labor Department reports the U.S. added 173,000 jobs in August, for the smallest increase since March and the second smallest gain of the year. Economists expected a seasonally adjusted 213,000 increase in nonfarm jobs. June and July were revised upward. The unemployment rate fell to 5.1% from 5.3%, marking the lowest level since April 2008. The market considers it a strong report except for the main jobs number that might be revised higher. It brings the Fed closer to a September interest rate hike. The labor force participation rate is stuck at 62.6%, a 38-year low, for a third straight month with more than 94 million eligible workers unemployed. | |||||||
| October crude is down slightly off 0.2%, to 46.66 a barrel on the New York Merc. For the week, prices are up more than 3%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/strong-report-except-for-headline-number-economists-say-2015-09-04 | |||||||
| http://stream.marketwatch.com/story/markets/SS-4-4/SS-4-85173/ | |||||||
| For today’s Market Update Report click to listen-> | |||||||