Wednesday, September 05, 2018

Thursday: ADP Employment, Weekly Unemployment Claims, ISM Non-Mfg Survey

by Bill McBride on 9/05/2018 05:55:00 PM

From Goldman Sachs:

The details of the trade balance report were similar to our previous assumptions, and we left our Q3 GDP tracking estimate unchanged on a rounded basis at +3.0% (qoq ar).
• At 8:15 AM ET, The ADP Employment Report for August. This report is for private payrolls only (no government). The consensus is for 182,000 payroll jobs added in August, down from 219,000 added in July.

• At 8:30 AM, The initial weekly unemployment claims report will be released.  The consensus is for 213 thousand initial claims, unchanged from 213 thousand the previous week.

• At 10:00 AM, the ISM non-Manufacturing Index for August. The consensus is for index to increase to 56.8 from 55.7 in July.