Economy Week Ahead: Jobs Report, Fed Minutes in Focus
The Federal Reserve’s release of December meeting minutes will provide more details on the discussions over its last interest-rate decision.
Photo:
Kevin Dietsch/Getty Images
Monday
U.S. stock and bond markets are closed in observance of New Year’s Day, which falls on Sunday.
Tuesday
S&P Global releases its final purchasing managers index for U.S. manufacturing in December. The flash estimate showed manufacturing activity fell to a 31-month low in December as factories struggled with weak demand.
Also Tuesday, the Commerce Department reports on construction spending in November. In October, construction spending declined from the prior month at a seasonally adjusted 0.3% rate.
Wednesday
The Federal Reserve releases the minutes from its December meeting, when central bankers voted to raise short-term interest rates by 0.5 percentage point. The minutes will provide more details on the discussions over the decision.
Also Wednesday, the Institute for Supply Management puts out manufacturing
PMI
data for December, and the Labor Department releases data on the number of job openings in November.
Thursday
The U.S. Labor Department reports the number of worker filings for unemployment benefits in the week ended Dec. 31. Initial jobless claims rose modestly the prior week but remained historically low, suggesting that employers are still holding on to workers.
The Commerce Department releases data on November’s trade flows, which are expected to show that the deficit narrowed as imports of goods fell more than exports.
Friday
The Labor Department’s December jobs report is the highlight of this week’s economic data. The report will show how the unemployment rate, job creation and worker earnings fared in the final month of the year. Payroll growth remained robust in November and the jobless rate held steady at 3.7%, a sign the U.S. labor market remained historically tight, with many employers competing for a limited pool of workers and bidding up wages.
Also Friday, the ISM releases data on services PMI in December and the Commerce Department puts out data on November factory orders.
Write to Harriet Torry at [email protected]
Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
The Federal Reserve’s release of December meeting minutes will provide more details on the discussions over its last interest-rate decision.
Photo:
Kevin Dietsch/Getty Images
Monday
U.S. stock and bond markets are closed in observance of New Year’s Day, which falls on Sunday.
Tuesday
S&P Global releases its final purchasing managers index for U.S. manufacturing in December. The flash estimate showed manufacturing activity fell to a 31-month low in December as factories struggled with weak demand.
Also Tuesday, the Commerce Department reports on construction spending in November. In October, construction spending declined from the prior month at a seasonally adjusted 0.3% rate.
Wednesday
The Federal Reserve releases the minutes from its December meeting, when central bankers voted to raise short-term interest rates by 0.5 percentage point. The minutes will provide more details on the discussions over the decision.
Also Wednesday, the Institute for Supply Management puts out manufacturing
PMI
data for December, and the Labor Department releases data on the number of job openings in November.
Thursday
The U.S. Labor Department reports the number of worker filings for unemployment benefits in the week ended Dec. 31. Initial jobless claims rose modestly the prior week but remained historically low, suggesting that employers are still holding on to workers.
The Commerce Department releases data on November’s trade flows, which are expected to show that the deficit narrowed as imports of goods fell more than exports.
Friday
The Labor Department’s December jobs report is the highlight of this week’s economic data. The report will show how the unemployment rate, job creation and worker earnings fared in the final month of the year. Payroll growth remained robust in November and the jobless rate held steady at 3.7%, a sign the U.S. labor market remained historically tight, with many employers competing for a limited pool of workers and bidding up wages.
Also Friday, the ISM releases data on services PMI in December and the Commerce Department puts out data on November factory orders.
Write to Harriet Torry at [email protected]
Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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