Saturday, January 04, 2020

Schedule for Week of January 5, 2020

by Calculated Risk on 1/04/2020 08:11:00 AM

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

Also the Q4 quarterly Reis surveys for office and malls will be released this week.

----- Monday, Jan 6th -----

Early: Reis Q4 2019 Office Survey of rents and vacancy rates.

----- Tuesday, Jan 7th -----

U.S. Trade Deficit8:30 AM: Trade Balance report for November from the Census Bureau.

This graph shows the U.S. trade deficit, with and without petroleum, through the most recent report. The blue line is the total deficit, and the black line is the petroleum deficit, and the red line is the trade deficit ex-petroleum products.

The consensus is the trade deficit to be $43.9 billion.  The U.S. trade deficit was at $47.2 billion in October.

10:00 AM: the ISM non-Manufacturing Index for December.  The consensus is for an increase to 54.5 from 53.9..

Early: Reis Q4 2019 Mall Survey of rents and vacancy rates.

----- Wednesday, Jan 8th -----

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

8:15 AM: The ADP Employment Report for December. This report is for private payrolls only (no government). The consensus is for 156,000 payroll jobs added in December, up from 67,000 added in November.

----- Thursday, Jan 9th -----

8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 222,000 initial claims, unchanged from 222,000 last week.

----- Friday, Jan 10th -----

Year-over-year change employment8:30 AM: Employment Report for December.   The consensus is for 160,000 jobs added, and for the unemployment rate to be unchanged at 3.5%.

There were 266,000 jobs added in November, and the unemployment rate was at 3.5%.

This graph shows the year-over-year change in total non-farm employment since 1968.

In November, the year-over-year change was 2.204 million jobs.