The December government jobs report says the US economy added 74,000 jobs in December. The private sector added 87,000 and the government shed 13,000. The unemployment rate dropped to 6.7%. The labor participation rate was 68.3% which is the lowest in 30 years. (Department of Labor)
It may not be the death throes, but the PC market is awful sick. PC sales were down 10% in 2013, the worst ever decline on record. The industry shipped 316 million units which dropped it to 2009 levels. (Bloomberg)
Where is technology going? Is bigger better? It seems that way when it comes to TV’s. Samsung unveiled a curved 105 inch ultra high def TV at the International Consumer Electronics Show. They did not say the price but the 55-inch version retails for $9000. (Washington Post)
Corn stock piles in the US are growing at their fastest pace in 19 years as a record crop overwhelms increased demand by stock yards and fuel makers. Corn futures were down 40% in 2013 and helped send global food costs down 14% from the 2011 highs. (Bloomberg)
Join us Saturday at 10 for Financial Focus when our guest will be Linda Baker, editor of Oregon Business Magazine.