This Week in the Economy - An Economic Summary for October 6, 2014

Posted by Laine Smith on 10/6/14 6:00 AM

Topics: Economy

 

This past week the stock market rose slightly and we recieved a good unemployment report. Let's take a look at the numbers:

October_6

 

Economic recap from the Week of September 29, 2014:

  • The S&P 500 started the week at 1,948 and jumped to to 1,968, a 0.1% increase for the week.
  • Personal income increased 0.3% in August
  • The unemployment rate declined from 6.1% to 5.9%. This is the lowest level since July 2008. 
  • The economy added 248,000 jobs in September
  • The ISM Manufacturing Index declined to 56.6 in September from 59.0 in August

 

What's coming up on the economic calendar for the week of October 6, 2014:

  • The JOLTS report will be on Tuesday
  • Jobless claims will be reported on Thursday

 

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Our trusted source for all economic news is First Turst Portfolios out of Wheaton, IL. For greater insights on these figures check out their blog here.

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