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Saturday, July 29, 2023

Schedule for Week of July 30, 2023

by Calculated Risk on 7/29/2023 08:11:00 AM

The key report this week is the July employment report.

Other key reports include ISM manufacturing and services indexes and July vehicle sales.

----- Monday, July 31st -----

9:45 AM ET: Chicago Purchasing Managers Index for July.

10:30 AM: Dallas Fed Survey of Manufacturing Activity for July.

2:00 PM: Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) for July.

----- Tuesday, August 1st -----

8:00 AM ET: Corelogic House Price index for June

Job Openings and Labor Turnover Survey10:00 AM ET: Job Openings and Labor Turnover Survey for June from the BLS.

This graph shows job openings (yellow line), hires (purple), Layoff, Discharges and other (red column), and Quits (light blue column) from the JOLTS.

Jobs openings decreased in May to 9.8 million from 10.3 million in April.

The number of job openings (black) were down 14% year-over-year and Quits were down 5% year-over-year.

10:00 AM: ISM Manufacturing Index for July. The consensus is for the ISM to be at 46.5, up from 46.0 in June. 

10:00 AM: Construction Spending for June. The consensus is for no change in construction spending.

Vehicle SalesAll Day: Light vehicle sales for July from the BEA. The consensus is for light vehicle sales to be 15.5 million SAAR in July, down from 15.7 million in June (Seasonally Adjusted Annual Rate).

This graph shows light vehicle sales since the BEA started keeping data in 1967. The dashed line is the sales rate for last month.

----- Wednesday, August 2nd -----

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 July. This report is for private payrolls only (no government). The consensus is for 185,000 payroll jobs added in July, down from 497,000 in June.

10:00 AM: the Q2 2023 Housing Vacancies and Homeownership from the Census Bureau.

----- Thursday, August 3rd -----

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 228 thousand initial claims, up from 221 thousand last week.

10:00 AM: the ISM Services Index for July.   The consensus is for a reading of 53.1, down from 53.9.

----- Friday, August 4th -----

Employment per month8:30 AM: Employment Report for July.   The consensus is for 184,000 jobs added, and for the unemployment rate to be unchanged at 3.6%.

There were 209,000 jobs added in June, and the unemployment rate was at 3.6%.

This graph shows the jobs added per month since January 2021.