| The KUIK Market Update for Saturday, January 0: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 77 | points | 15,671 | 7:59 AM | ||
| S&P500 | Up | percent | |||||
| Nasdaq Composite | Up | percent | |||||
| 30 Year Treasury | Up | 11 | Basis Points | 3.83 | Annual Yield | ||
| The Labor Department reports the U.S. economy added 204,000 jobs in October, double Wall Street’s forecast. The government shutdown was expected to put a damper on hiring. September and August were revised upward by a combined 60,000 jobs. The unemployment rate ticked up slightly to 7.3% from 7.2% probably because of the shutdown. Federal workers would have been classified as unemployed under the government’s method for calculating the unemployment rate. | |||||||
| That strong jobs reports puts the “Dectaper” back on the table and makes it possible that the Federal Reserve could begin reducing its $85 billion a month in bond purchases as early as December. | |||||||
| The preliminary November reading of the University of Michigan/Thomson Reuters consumer-sentiment index hit 72 – the lowest since December 2011 – from a final October reading of 73.2. Economists expected a rise to 75 in early November, partially offsetting an October drop due to the shutdown. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-economy-adds-204000-jobs-in-october-2013-11-08 | |||||||
| http://www.marketwatch.com/story/consumer-sentiment-gauge-lowest-since-2011-2013-11-08?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||