Thursday, March 03, 2016

Friday: Employment Report, Trade Deficit

by Bill McBride on 3/03/2016 07:44:00 PM

Hotel occupancy is mostly tracking 2015 (the record year for hotel occupancy). And RevPar is up about 3%. From HotelNewsNow: STR: US hotel results for week ending 27 February

In year-over-year comparisons, the industry’s occupancy was nearly flat (-0.2% to 64.2%). Average daily rate for the week was up 3.3% to US$119.50, and revenue per available room increased 3.1% to US$76.76.
Friday:
• At 8:30 AM ET, Employment Report for February. The consensus is for an increase of 190,000 non-farm payroll jobs added in February, up from the 151,000 non-farm payroll jobs added in January. The consensus is for the unemployment rate to be unchanged at 4.9%.

• Also at 8:30 AM, the Trade Balance report for January from the Census Bureau. The consensus is for the trade deficit to be at $43.9 billion from $43.4 billion in December.