Thursday, March 05, 2015

Friday: Jobs, Trade Deficit

by Bill McBride on 3/05/2015 06:51:00 PM

Congratulations to my friend, housing economist Tom Lawler, for winning another "Crystal Ball" award (Tom's home price forecasts were the most accurate of their more than 100 expert panelists.). This is Tom's third "Crystal Ball"!

• At 8:30 AM ET, the Employment Report for February. The consensus is for an increase of 230,000 non-farm payroll jobs added in February, down from the 257,000 non-farm payroll jobs added in January. The consensus is for the unemployment rate to decline to 5.6% in February from 5.7% in January.

• Also at 8:30 AM, the Trade Balance report for January from the Census Bureau. The consensus is for the U.S. trade deficit to be at $41.8 billion in January from $46.6 billion in December.

• At 3:00 PM, Consumer Credit for January from the Federal Reserve. The consensus is for credit to increase $15.0 billion.