PHONE: 414-223-1099 TOLL-FREE: 1-800-236-1096
SEND US A QUESTION OR COMMENT FOR OUR NEXT SHOW

Money Talk Podcast, Friday March 8, 2013

Play

 

Landaas & Company newsletter  March edition now available.

Advisors on This Week’s Show

Brian Kilb

Art Rothschild

Steve Giles

(with Max Hoelzl and Joel Dresang)

Week in Review (March 4-8, 2012)

Significant economic indicators & reports

Monday

No major releases

Tuesday

A higher-than-expected jump in non-manufacturing activity in February suggested the biggest part of the U.S. economy expanded for the 43rd month in a row. The Institute for Supply Management reported accelerating growth in business activity, new orders and export orders, and while hiring slowed, it remained relatively brisk. Purchase managers surveyed by the trade group expressed increasing optimism about business conditions and economic trends.

Wednesday

The Commerce Department said factory orders fell in January, largely because of a drop in orders for commercial aircraft. But aside from the volatile transportation orders, requests rose for manufacturing products, led by construction equipment. A proxy for business investments increased the most in more than eight years.

Thursday

Revised data from the Bureau of Labor Statistics showed labor productivity dropping more than analysts had expected at the end of 2012. Economists suggested it may be a temporary setback as employers added workers, who were still getting up to speed. On an annual rate, hourly compensation for the fourth quarter outpaced hourly labor output, resulting in the fastest pace of lost productivity in four years.

American borrowing kept rising in January, as the amount of consumer credit outstanding increased the most in five months. Debt tied to auto financing and student loans continued to drive outstanding credit higher, reflecting aging vehicles and difficult job markets. Credit card debt, reflected in revolving credit, stayed relatively flat, suggesting consumers continue their reluctance to spend.

revolving credit 1.13

The moving four-week average for initial unemployment claims fell for the third time in five weeks, setting a new low for the economic recovery. Data from the Labor Department showed average claims at the lowest point in five years, a further indication that employers are laying off fewer workers.

Friday

Employers added more jobs than expected in February, with notable gains in construction, manufacturing, health care, professional services and other service industries. Private payrolls expanded for the 36th month in a row, according to the Bureau of Labor Statistics. The unemployment rate fell to 7.7%, its lowest point since December 2008.

Where the Markets Closed for the Week

  • Nasdaq – 3,244, up 75 points or 2.4%
  • Standard & Poor’s 500 – 1,551, up 33 points or 2.2%
  • 10-year U.S. Treasury Note – 2.06%, up 0.21 point
  • Dow Jones Industrial – 14,395, up 303 points or 2.2%

Send us a question for our next podcast.

Follow us on Twitter.

More Money Talk

Landaas newsletter subscribers return to the newsletter via e-mail.


Text Size:  A  A  reset

Landaas & Company performs investment advisory services only in those states where it is licensed, or excluded or exempted from state investment advisor licensing requirements. All responses to inquiries made by prospective customers to this internet site will not be made absent compliance with state investment advisor and investment advisor rep licensing requirements, or applicable exemptions or exclusions from licensing. MEMBER FINRA MEMBER SIPC

Powered By: mindspike design
ADDRESS: 411 E. WISCONSIN AVENUE, 20TH FLOOR MILWAUKEE, WI 53202
© 2017 Landaas & Company