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Money Talk Podcast, Friday Oct. 18, 2013

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Landaas & Company newsletter  October edition now available.

Advisors on This Week’s Show

Bob Landaas

Brian Kilb

Kyle Tetting

(with Max Hoelzl and Joel Dresang)

Week in Review (Oct. 14-18, 2013)

Significant economic indicators & reports

Please note: Because of the federal government shutdown, most economic data collection and reporting was suspended.

Monday

No significant reports released

Tuesday

No significant reports released

Wednesday

No significant reports released

Thursday

The moving four-week average for initial unemployment claims rose for the second week in a row, based in part on a hiccup in California’s claims processing. But the federal shutdown also was to blame, with ripple effects for many non-government workers. Furloughs of federal workers are not included in the claims counts. According to the Department of Labor, the average level of claims reached its highest point since July two weeks after falling to a six-year low. Claims have been running below the 46-year average each week of 2013, suggesting employers remain reluctant to let workers go.

initial claims 10 13
Friday

No significant reports released

Where the Markets Closed for the Week

  • Nasdaq – 3,914, up 122 points or 3.2%
  • Standard & Poor’s 500 – 1,744, up 41 points or 2.4%
  • 10-year U.S. Treasury Note – 2.59%, down 0.1 point
  • Dow Jones Industrial – 15,399, up 162 points or 1.1%

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