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Saturday, January 04, 2014

Schedule for Week of January 5th

by Calculated Risk on 1/04/2014 10:20:00 AM

The key report this week is the December employment report to be released on Friday. 

Other key reports include the December ISM non-manufacturing report on Monday and the November trade report on Tuesday.

Also, Reis is scheduled to release their Q4 surveys of rents and vacancy rates for apartments, offices and malls.

----- Monday, January 6th -----

Early: Reis Q4 2013 Office Survey of rents and vacancy rates.

10:00 AM: ISM non-Manufacturing Index for December. The consensus is for a reading of 54.8, up from 53.9 in November. Note: Above 50 indicates expansion, below 50 contraction.

10:00 AM: Manufacturers' Shipments, Inventories and Orders (Factory Orders) for November. The consensus is for a 1.6% increase in orders.

----- Tuesday, January 7th -----

Early: Reis Q4 2013 Apartment Survey of rents and vacancy rates.

U.S. Trade Exports Imports 8:30 AM: Trade Balance report for November from the Census Bureau.

Both imports and exports increased in October.  

The consensus is for the U.S. trade deficit to decrease to $39.9 billion in November from $40.6 billion in October.

----- Wednesday, January 8th -----

Early: Reis Q4 2013 Mall Survey of rents and vacancy rates.

7:00 AM: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index for the previous two weeks.

8:15 AM: The ADP Employment Report for December. This report is for private payrolls only (no government). The consensus is for 205,000 payroll jobs added in December, down from 215,000 in November.

2:00 PM: The Fed will release the FOMC Minutes for the Meeting of December 17-18, 2013.

3:00 PM: Consumer Credit for November from the Federal Reserve. The consensus is for credit to increase $14.2 billion in November.

----- Thursday, January 9th -----

8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for claims to decline to 331 thousand from 339 thousand.

10:00 AM: Trulia Price Rent Monitors for December. This is the index from Trulia that uses asking house prices adjusted both for the mix of homes listed for sale and for seasonal factors.

----- Friday, January 10th -----

8:30 AM: Employment Report for December. The consensus is for an increase of 200,000 non-farm payroll jobs in December, down from the 203,000 non-farm payroll jobs added in November.

The consensus is for the unemployment rate to be unchanged at 7.0% in December.

The following graph shows the percentage of payroll jobs lost during post WWII recessions through November.

Percent Job Losses During RecessionsThe economy has added 8.1 million private sector jobs since employment bottomed in February 2010 (7.45 million total jobs added including all the public sector layoffs).

There are still almost 760 thousand fewer private sector jobs now than when the recession started in 2007.

10:00 AM: Monthly Wholesale Trade: Sales and Inventories for November. The consensus is for a 0.5% increase in inventories.