| The KUIK Market Update for Friday, October 2: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (104) | points | 16,025 | 1:27 PM | ||
| S&P500 | Up | -0.6% | percent | 1,913 | 27.54 | ||
| Nasdaq Composite | Up | -0.3% | percent | 4,611 | 80.69 | ||
| 30 Year Treasury | Down | (2) | Basis Points | 2.83 | Annual Yield | ||
| The Labor Department reports the economy added a seasonally adjusted 142,000 jobs in September. Economists expected a gain of 200,000 nonfarm jobs. The unemployment rate was unchanged at 5.1%. The labor-force participation rate slid to 62.4% from 62.6%, as 350,000 people dropped out of the labor force. That’s the lowest rate since October 1977. Energy companies, hurt by cheap oil, cut 12,000 jobs in September and they’ve eliminated 120,000 jobs since December. Health-care providers were the biggest standout, adding 34,000 jobs. | |||||||
| Orders for goods produced in U.S. factories fell 1.7% in August , according to the Commerce Department. Economists expected orders to fall only 1.3%. Orders for durable goods, which are products meant to last at least three years fell 2.3% in August while orders for nondurables fell 1.1%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-economy-creates-just-142000-new-jobs-in-september-2015-10-02 | |||||||
| http://www.marketwatch.com/story/us-factory-orders-drop-17-in-august-2015-10-02 | |||||||
| For today’s Market Update Report click to listen-> | |||||||