by Calculated Risk on 8/31/2024 08:11:00 AM
I’ll be out of contact from August 20th until Sept 4th.
I’ll be back for the August employment report.
The key report this week is the August employment report on Friday.
Other key indicators include the August ISM manufacturing index, August auto sales, and Trade Deficit for July.
—– Monday, September 2nd —–
All US markets will be closed in observance of the Labor Day holiday.
—– Tuesday, September 3rd —–
10:00 AM: ISM Manufacturing Index for August.
10:00 AM: Construction Spending for July.
All Day: Light vehicle sales for August.
—– Wednesday, September 4th —–
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
8:30 AM: Trade Balance report for July from the Census Bureau.
This graph shows the U.S. trade deficit, with and without petroleum, through the most recent report. The blue line is the total deficit, and the black line is the petroleum deficit, and the red line is the trade deficit ex-petroleum products.
10:00 AM: the ISM Services Index for August.
10:00 AM Job Openings and Labor Turnover Survey for July from the BLS.
This graph shows job openings (yellow line), hires (purple), Layoff, Discharges and other (red column), and Quits (light blue column) from the JOLTS.
Jobs openings decreased in June to 8.18 million from 8.23 million in May.
The number of job openings (black) were down 10{3da602ca2e5ba97d747a870ebcce8c95d74f6ad8c291505a4dfd45401c18df38} year-over-year and Quits were down 12{3da602ca2e5ba97d747a870ebcce8c95d74f6ad8c291505a4dfd45401c18df38} year-over-year.
2:00 PM: the Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts.
—– Thursday, September 5th —–
8:15 AM: The ADP Employment Report for August. This report is for private payrolls only (no government).
8:30 AM: The initial weekly unemployment claims report will be released.
—– Friday, September 6th —–
8:30 AM: Employment Report for August.
There were 114,000 jobs added in July, and the unemployment rate was at 4.3{3da602ca2e5ba97d747a870ebcce8c95d74f6ad8c291505a4dfd45401c18df38}.
This graph shows the jobs added per month since January 2021.
