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September Employment Report Looms |
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Monday, 01 October 2007 |
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By Rick Pendergraft
After a disappointing set of economic reports last week, the market will be looking for better news on the economic front this week. And there are several headline grabbers to choose from.
The most influential report for the week will be Friday’s September employment report. Analysts are expecting the payroll numbers to bounce back after the very disappointing August numbers.
Before we get to Friday, though, the August factory orders report will be released on Thursday. The report is expected to show a 2.5-percent decline after a 3.7-percent increase in July. This decline would go along with the decline in durable goods orders that we saw last week.
One last report that will garner attention from investors is the September auto sales report. This report is expected to be flat from August at 5.1 million units sold. This could be a gauge for retail activity as a whole, and it will be the first full month really impacted by the credit tightening.
Date | Time (ET) | Statistic | For | Market
Expects | Prior | 1-Oct | 10:00 AM | ISM Index | Sep | 52.5 | 52.9 | 1-Oct | 5:00 PM | Auto Sales | Sep | 5.1M | 5.1M | 1-Oct | 5:00 PM | Truck Sales | Sep | 7.2M | 7.6M | 2-Oct | 10:00 AM | Pending Home Sales | Aug | - | -12.20% | 3-Oct | 10:00 AM | ISM Services | Sep | 55 | 55.8 | 4-Oct | 10:00 AM | Factory Orders | Aug | -2.50% | 3.70% | 5-Oct | 8:30 AM | Nonfarm Payrolls | Sep | 100K | -4K | 5-Oct | 8:30 AM | Unemployment Rate | Sep | 4.70% | 4.60% | 5-Oct | 8:30 AM | Hourly Earnings | Sep | 0.30% | 0.30% | 5-Oct | 8:30 AM | Average Workweek | Sep | 33.8 | 33.8 | 5-Oct | 3:00 PM | Consumer Credit | Aug | $9.0B | $7.5B |
Source : Investors Daily Edge
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