| The KUIK Morning Market Report for Friday, August 1: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (6) | points | 16,558 | 7:00 AM | ||
| S&P500 | Up | 0.2% | percent | 1,935 | 3.89 | ||
| Nasdaq Composite | Up | 0.3% | percent | 4,382 | 12.44 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.33 | Annual Yield | ||
| The Labor Department reports the economy added 209,000 non farm jobs last month. That’s down from 298,000 in June, but still the sixth straight month at more than 200,000. The unemployment rate rose slightly to 6.2% from 6.1%. The U6 unemployment rate that includes people who can only find part-time work and those who recently gave up looking rose to 12.2% from 12.1%. The labor force participation rate, meanwhile, climbed a tick to 62.9%, the first increase in four months. | |||||||
| Consumer spending rose 0.4% in June, and spending in May was revised higher to 0.3%. Americans continue to spend at a rate that’s likely to keep the economy growing around 2% to 2.5% a year, but they would have to sharply increase outlays to return the U.S. to its historic growth rate of 3.2%. Personal incomse rose 0.4% in June. Economists expected a seasonally adjusted 0.5% increase in spending and a 0.4% gain in income. The savings rate was unchanged at 5.3%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-adds-209000-jobs-in-july-to-keep-hot-streak-intact-2014-08-01 | |||||||
| http://www.marketwatch.com/story/us-consumer-spending-rises-modestly-in-june-2014-08-01 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||