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Did shutdown freeze the job market?

By Mark Hamrick ·
Tuesday, October 29, 2013
Posted: 11 am ET

The 16-day partial government shutdown caused furloughs for hundreds of thousands of workers. But the damage didn't end there. Private businesses reliant on the government lost money that likely won't be recovered. We should know more the impact when the government releases its October jobs report Nov. 8.

In this podcast, economist John Canally of LPL Financial says the result was that the final quarter of the year got off to a bad start. There's no way to know what Congress and President Barack Obama will do in the new year as two new deadlines loom.

Also, Bankrate's Doug Whiteman reports on an unintended benefit of Obamacare.

Bankrate Audio



Washington Bureau Chief,



Economist, LPL Financial



Associate editor,

Job market frozen during government shutdown?

With one crisis behind and the threat of another looming, what can investors, savers and borrowers expect in the coming months?


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