Proving it isn’t over till the fat lady sings, the Dow Jones industrial average erased a nearly 400-point loss yesterday snapping a four-day losing streak. The S&P 500 closed down 0.23% after dropping as much as 1.6%. The Nasdaq fell 0.18% after dropping more than 1%. (CNBC)
The Department of Labor says the US economy added 164,000 jobs in March. The private sector added 168,000 of those jobs. The unemployment rate fell to 3.9%.
The Commerce Department says the trade deficit slid to $49 billion, down from $57.7 billion in February and lowest since September. Exports rose in March to a record $208.5 billion, led by shipments of civilian aircraft and soybeans. Imports slipped 1.8% to $257.5 billion. The trade gap is up 18.5% to $163.4 billion so far this year.
Worker productivity increased in the first quarter at a 0.7% annualized rate. Unit labor costs, the price of labor per single unit of output, rose at a 2.7% pace in the first quarter. (AP)
Join us this weekend for Financial Focus Radio when Tyler and I will both be back in the “Truth in Wealth Building” saddle.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.