Employers add 222,000 jobs in June – Hiring rebounded in June, according to The Bureau of Labor Statistics, as employers added 222,000 new jobs. Although the unemployment rate ticked up to 4.4% in June from 4.3% in May, a 16-year low, this was a solid report which beat expectations after a disappointing three months of job growth. The labor-force participation rate grew from 67.7% in May to 67.8% in June as more people entered the work force. Wages grew 0.2% in June from May and are up just 2.5% over the last 12 months. That’s well below average wage growth and still stumping experts. It’s highly unusual to have low unemployment without healthy wage growth.
Stocks higher this week – Stocks rallied after Friday’s jobs report. After a lackluster week in which disappointing auto sales, weakness in “brick and mortar” retail, and pressure on tech firms, stocks rebounded as more workers than expected were hired in June. The Dow Jones Industrial Average ended the week at 21,414.34, up from 21,349.63 last week. The S&P 500 closed the week at 2,425.18, unchangedfrom its close last week of 2,423.41. The NASDAQ closed the week at 6,153.08, up from last week’s close of 6,140.42. Bond yields higher again this week– The 10-year Treasury bond closed the week at 2.39%, up from 2.31% last week. The 30-year treasury yield ended the week at 2.93%, up from 2.84% last week. Mortgage rates follow treasury bond yields so we watch bond yields carefully. Mortgage Rates higher this week– The July 6, 2017 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 3.96%, up from 3.88% last week. The 15-year fixed was 3.22%, up from 3.18% last week. The 5–year ARM was 3.21%, up from 3.18% last week. Unfortunately, rates rose late in the week so next weeks rates will be higher. Author, Syd Leibovitch
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Have any plans for this weekend? There’s so much to do in Los Angeles!To help you out, below is a list of things going on this Friday – Saturday. From a salsa festival to a movie picnic night, there’s plenty of things to do!
Friday July 7th, 20171. Metro Art presents Salsa at Downtown Los Angeles’ Union Station. 2. The Thanksgiving Play by Larissa FastHorse presented by Grand Performances. 3. Summer Supper + Show Series on the rooftop of the Ritz-Carlton DTLA. 4. Dance DTLA at Grand Park. 5. Shakespeare By The Sea at Point Fermin Park in San Pedro. 6. Harry Potter and the Prisoner of Azkaban in Concert at the Hollywood Bowl. 7. Cocktail classes hosted by Greenbar Distillery in DTLA. 8. Shakespeare at the Old Zoo in Griffith Park. 9. Summer Movie Nights in Monterey Park. 10. Free concert series hosted by The Levitt Pavilion in McArthur Park. 11. Old Pasadena Summer Cinema. 12. The Griffith Observatory hosts forum called All Space Considered. 13. Wine Tasting Nights at The Barnsdall Art Park. 14. Outfest. Check for discounted tickets Saturday July 8th, 201715. 2017 Salsa Festival at Pershing Square. 16. Our Life Festival hosted by The Autry Museum of the American West in Griffith Park. Check for discounted tickets 17. The Renegade Craft Fair at L.A. State Historic Park. 18. Pasadena Confidential presented by Esotouric Bus Adventures. Check for discount tickets 19. Curse of the Jungle Drums presented by Drunken Devil. 20. Quidditch tournament at the Westwood Recreation Center. 21. The Long Beach Vegan Festival at the Rainbow Lagoon Park. 22. Old Pasadena Summer Cinema. 23. Taste of Paleo 5.0 at the Montecillo de Leo Politi Park in L.A. 24. Tiki Night at the Egyptian Theatre. 25. Eat|See|Hear in Centennial Square at Pasadena City Hall. Check for discount tickets 26. Movie Picnic Night at Alhambra Park. 27. Rahim AlHaj and Asher Shasho Levy presented by Grand Performances. 28. Shakespeare By The Sea at Point Fermin Park in San Pedro. 29. Summer of Music at Redondo Pier. 30. Street Food Cinema at Exposition Park Los Angeles. 31. Unscene Fest at The Hi Hat. 32. Cocktail classes hosted by Greenbar Distillery in Downtown Los Angeles. 33. Free concert series at The Levitt Pavilion in McArthur Park. 34. The Frogtown Show, hosted in the backyard of Left Bank in Frogtown. 35. Cliftons Living History Tour. Sunday July 9th, 201736. Swingin’ Summer. Check for discounted tickets 37. Shakespeare By The Sea at Hesse Park in Rancho Palos Verdes. 38. Free concert series at The Levitt Pavilion in McArthur Park. 39. Topanga Canyon’s Theatricum Botanicum. 40. Tiny Porch Concerts at the Peter Strauss Ranch in Agoura Hills. 41. Cornerstone Theater Company – Magic Fruit presented by Grand Performances. 42. Support homeless and low-income men and women with Chef Curtis Stone and Chrysalis. The annual Stone Fruit Festival is also this day. 43. Downtown Los Angeles foodie walking tour. Summer time is a great time to give back to the community and spend time volunteering.
With that being said, below are just a few volunteering options for you to check out and see which one is right for you! 1. Children’s Hospital LAChildren’s Hospital LA has a volunteer program that allows you to spend time with patients. Volunteers must be 18 years old and older and must pass a health clearance, go through orientation, an interview process, and training. A volunteer program is also available for teens 15 to 17 years of age. More info here 2. L.A. KitchenCreate healthy meals for disadvantaged communities at L.A. Kitchen. Volunteering here consists of 3-hour shifts where you will help prepare the food: washing, peeling, chopping. Sign up here 3. 826LAMake a difference in a child’s life and help students ages 6 – 18 with their writing skills. Volunteers have to take a 101 orientation and can then begin working with students through workshops and after-school tutoring. Orientation is July 8, 15 and 29 and August 12. -> Start here 4. Project Angel FoodMany who face poverty and life-threatening illnesses rely on Project Angel Food to receive home-cooked meals. Volunteers are always needed to help prepare and package meals in the kitchen. Orientation is offered throughout July and August for new volunteers. Make a difference here. 5. The Trevor ProjectHelp young individuals who may be struggling with issues such as suicide, depression and LGBTQ identity. Through The Trevor Project, TrevorChat/TrevorText volunteers help answer instant messages and online texts. Trevor Lifeline volunteers help by answering calls in the L.A. call center. To volunteer here, orientation must be completed as well as an interview, background check, and training. Support here. 6. Los Angeles MissionEvery year in August, Los Angeles Mission helps hundreds of families gear up for going back to school. Their annual End of Summer Arts and Education Fair helps students with school supplies. Volunteers needed here. 7. LA Animal ServicesMake a difference in a four-legged furry friends life. Volunteers are needed at the LA Animal Services (LAAS) to help at one of the six shelters in L.A. Orientations are currently being offered. Visit LAAS Facebook page for orientation dates. More info here. 8. Los Angeles Department of Recreation & ParksVolunteering through the Los Angeles Department of Recreation & Parks is a great way of giving back. Volunteer jobs include coaching, helping with senior programs, special events, and much more. Learn more here. 9. Friends of Griffith ParkHelp preserve Griffith Park’s 4,310 acres of land. Volunteers help with clean-ups, tree planting and other projects. Preserve here. 10. Santa Monica Mountains FundHelp the Santa Monica Mountains Fund restore native plant life, build hiking trails, and much more. -> All ages welcome here. 11. Reading to KidsVolunteer on Saturdays at one of the local elementary schools throughout Los Angeles and help students become better readers. To volunteer to help Reading to Kids go to their website and complete an online application and RSVP to read at a specific school. Training and reading strategies are provided by teachers. -> Read this. 12. Food on FootHelp Food on Foot distribute meals and clothes to homeless families and individuals on Sundays. You can help by registering online, making a $20 donation (used to purchase food to distribute) and show up on Sundays from 3:15 – 5 p.m. at the Food on Foot Hollywood location. Learn more here. 13. Swan Center OutreachSwan Center Outreach is always welcoming volunteers ages 9+ to help with its farm and horses. To volunteer, all you need is a kind heart and a gentle hand. If you want to work with the horses, you must sign up in Swan Center’s training class. Volunteer here. 14. The Music CenterSurround yourself around great culture and art. Volunteering for The Music Center allows you to work in various positions, whether it’s assisting at Center events or helping out with technology and social media. “Symphonians” volunteer in conducting public and private tours of the center. (email symphonians@musiccenter.org to learn more about volunteering opportunities). -> Sign up here. Have anything planned for the month of July?
Below are just a few events going on in July that we think you should keep on your radar. Enjoy and make sure to get your tickets in advance! 1. Old Pasadena Summer Cinema -> Details2. KCRW’s Summer Nights -> More information3. The 2017 Salsa Festival at Pershing Square -> More information4. Hollywood & Highland Presents Summer Jazz Nights -> Additional Information5. Los Angeles Times Ideas Exchange with Bill Nye at Theatre at Ace Hotel -> Details6. DT Stage Concert Series at Pershing Square -> Event Info7. Show-Your-Spirit-Animal Quiet Clubbing Party at FIGat7th -> More Information8. The Los Angeles Soul Music Festival at Exposition Park -> More information9. Port of Los Angeles Lobster Fest in San Pedro -> Event Details10. Summer Nights in the Garden at Natural History Museum -> Details11. Explore Vintage Trains at Union Station’s Summer Train Fest -> Info12. The 37th Annual Lotus Festival at Echo Park Lake -> More information13. 9th Annual Taste of Farmers Market at 3rd & Fairfax -> More information14. FYF Fest 2017 Returns -> More information15. 2nd Annual Delicious Little Tokyo -> Details16. Sondheim on Sondheim at the Hollywood Bowl -> Information17. Long Beach Crawfish Festival at Rainbow Lagoon Park -> Details – Discount tickets18. Politicon 2017 -> More information19. Midsummer Scream Halloween Festival at Long Beach Convention Center -> Details – Discount tickets For the week ending June 31, 2017 – The Dow Jones Industrial Average ended the week at 21,349.63, down slightly from 21,394.76 last week. The S&P 500 closed the week at 2,423.41, down from its close last week of 2,438.30. The NASDAQ closed the week at 6,140.42, down from last week’s close of 6,265.25.
Bond yields up in last week of month – The 10-year Treasury bond closed the week at 2.31%, up from 2.15% last week. The 30-year treasury yield ended the week at 2.84%, up from 2.71% last week. Mortgage rates follow treasury bond yields so we watch bond yields carefully. Mortgage Rates almost unchanged this week – The June 29, 2017, Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 3.88%, almost unchanged from 3.90% last week. The 15-year fixed was 3.18%, almost unchanged from 3.17% last week. The 5-year ARM was 3.18%, also unchanged from 3.14% last week. Unfortunately, rates rose late in the week so next week’s rates will be higher. Author, Syd Leibovitch |
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February 2020
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