| The KUIK Morning Market Report for Friday, May 2: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 17 | points | 16,575 | 6:53 AM | ||
| S&P500 | Up | 0.2% | percent | 1,887 | 3.30 | ||
| Nasdaq Composite | Up | 0.0% | percent | 4,129 | 1.36 | ||
| 30 Year Treasury | Up | 3 | Basis Points | 3.44 | Annual Yield | ||
| The Labor Department reports The economy created 288,000 nonfarm jobs last month, for the best performance January 2012. Gains for March and February were also revised upward by a combined 36,000. The unemployment rate dropped to 6.3% from 6.7%, the lowest level since September 2008. The rate dropped because fewer people said they were unemployed, but the size of the labor force also fell. The labor-force participation rate fell to 62.8% from 63.2%, matching a 35-year low. | |||||||
| The Census Bureau reports that just 74.4 million American households, less than 65% of the country owned the homes they lived in during the first quarter of this year. That was the lowest level since 1995 and a big drop from 2006, when a peak of 76.5 million households, or 68.9%, were owner-occupied. The National Endowment for Financial Education released a poll this week that showed only 13% of Americans considered home ownership as their “top long term financial goal,” down from 17% in 2011. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-economy-gains-288000-jobs-in-april-2014-05-02 | |||||||
| http://www.marketwatch.com/story/many-renters-have-enough-money-to-buy-homes-2014-05-02 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||