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Thursday, October 31, 2019

Friday: Employment Report, ISM Manufacturing, Construction Spending

by Calculated Risk on 10/31/2019 07:06:00 PM

Note: It appears temporary Census hiring will have little impact on the October employment report.

My October Employment Preview: Take the Under

• At 8:30 AM ET, Employment Report for October.   The consensus is for 93,000 jobs added, and for the unemployment rate to increase to 3.6%.

Note: The GM strike and supplier cutbacks (now settled) will probably subtract close to 75,000 jobs in October.

• At 10:00 AM, ISM Manufacturing Index for October.  The consensus is for 49.0%, up from 47.8%.

• At 10:00 AM, Construction Spending for September.  The consensus is for 0.2% increase in spending.