Thursday, October 01, 2015

Friday: Jobs, Jobs, Jobs

by Bill McBride on 10/01/2015 08:40:00 PM

From the WSJ: Treasury’s Lew Says Congress Must Raise Debt Limit by Nov. 5

The government will run out of money to pay its bills sooner than previously thought, the Treasury Department said Thursday, accelerating the fiscal deadlines that confront Congress amid a leadership scramble on Capitol Hill.
The U.S. pays its bills.  Congress has a month to do their job.

Friday:
• At 8:30 AM ET, the Employment Report for September. The consensus is for an increase of 203,000 non-farm payroll jobs added in September, up from the 173,000 non-farm payroll jobs added in August. The consensus is for the unemployment rate to be unchanged at 5.1%.

• Early, Reis Q3 2015 Apartment Survey of rents and vacancy rates.

• At 10:00 AM, Manufacturers' Shipments, Inventories and Orders (Factory Orders) for August. The consensus is a 1.3% decrease in orders.