| The KUIK Morning Market Report for Friday, June 6: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 67 | points | 16,903 | 7:01 AM | ||
| S&P500 | Up | 0.4% | percent | 1,947 | 6.73 | ||
| Nasdaq Composite | Up | 0.5% | percent | 4,316 | 19.62 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.42 | Annual Yield | ||
| The Labor Department reports the U.S. created 217,000 nonfarm jobs in May. Economists expected 210,000 jobs. That follows 282,000 new jobs in April and 203,000 in March. The unemployment rate held steady at 6.3% as more people reentered the labor market in search of work. The U.S. has now recovered the jobs lost after the 2007-2009 downturn, but it took more than six years to hit its prior peak of 138.25 million workers. Not since the Great Depression in the 1930s has it taken so long to recover all the jobs lost during a downturn. The labor-force participation rate, which is at a 36-year low, is unchanged at 62.8%. | |||||||
| The International Monetary Funds says the Bank of England should cool it and place limits on mortgages that are many times greater than a British home-buyer’s income, and consider ending mortgage subsidy program to limit the threat that rising house prices pose to the UK’s financial stability. In its annual review of the UK economy, the IMF said that while there are few signs of a credit bubble in the housing market, some buyers are at risk of borrowing more than they can afford to repay. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-gains-217000-new-jobs-in-may-2014-06-06 | |||||||
| http://www.marketwatch.com/story/imf-urges-uk-to-curb-threat-from-rising-home-prices-2014-06-06 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||