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Thursday, March 04, 2021

Friday: Employment Report, Trade Deficit

by Calculated Risk on 3/04/2021 09:17:00 PM

My February Employment Preview

Goldman February Payrolls Preview

• At 8:30 AM ET, Employment Report for February.   The consensus is for 148,000 jobs added, and for the unemployment rate to increase to 6.4%.

Employment Recessions, Scariest Job ChartClick on graph for larger image.

This graph shows the job losses from the start of the employment recession, in percentage terms.

The current employment recession was by far the worst recession since WWII in percentage terms, and the worst in terms of the unemployment rate.

• Also at 8:30 AM, 8:30 AM: Trade Balance report for January from the Census Bureau. The consensus is the trade deficit to be $67.5 billion.  The U.S. trade deficit was at $66.6 billion in December.