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 |
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