Monday, October 21, 2013

Tuesday: Jobs, Jobs, Jobs

by Bill McBride on 10/21/2013 09:22:00 PM

With the jobs report release, it is going to feel like Friday tomorrow!

Unfortunately many reports will really be delayed. The Census Bureau released their Revised Economic Indicator Calendar today. As an example, the New Home sales report for September will not be released until December 4th (originally scheduled this week).  They will release both September and October at the same time..

The BEA also announced some update release dates today: 2013 News Release Schedule. The Q3 advance estimate for Gross Domestic Product (GDP) will now be released on November 7th (originally scheduled for October 30th).

Tuesday:
• At 8:30 AM ET, the Employment Report for September will be released. The consensus is for an increase of 178,000 non-farm payroll jobs in September; the economy added 169,000 non-farm payroll jobs in August. The consensus is for the unemployment rate to be unchanged at 7.3% in September.

• At 9:00 AM, the Chemical Activity Barometer (CAB) for October from the American Chemistry Council will be released. This appears to be a leading economic indicator.

• At 10:00 AM, the Richmond Fed Survey of Manufacturing Activity for October.

• Also at 10:00 AM, Construction Spending for August. The consensus is for a 0.4% increase in construction spending.