Schedule for Week of February 2, 2025
The key reports scheduled for this week are the January employment report and the December trade deficit. Other key indicators include the January ISM manufacturing index and January vehicle sales. ----- Monday, February 3rd ----- 10:00 AM: ISM Manufacturing Index for January. The consensus is for the ISM to be at 49.5, up from 49.3 in December. 10:00 AM: Construction Spending for December. The consensus is for a 0.1% increase in construction spending. All day: Light vehicle sales for January. Sales were at 16.8 million in December (Seasonally Adjusted Annual Rate). This graph shows light vehicle sales since the BEA started keeping data in 1967. The dashed line is the December sales rate.Wards expects vehicle sales to decrease to 15.6 million SAAR in January. 2:00 PM: Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS). ----- Tuesday, February 4th ----- 10:00 AM ET: Job Openings and Labor Turnover Survey for December from the BLS. This graph shows job openings (black line), hires (purple), Layoff, Discharges and other (red column), and Quits (light blue column) from the JOLTS. Jobs openings increased in November to 8.10 million from 7.84 million in October. The number of job openings (black) were down 9% year-over-year. Quits were down 13% year-over-year. ----- Wednesday, February 5th ----- 7:00 AM ET: The Mortgage Bankers Association (MBA) will release the mortgage purchase applications index. 8:15 AM: The ADP Employment Report for January. This report is for private payrolls only (no government). The consensus is for 150,000 payroll jobs added in January, up from 122,000 added in December. 8:30 AM: Trade Balance report for December 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 $87.0 billion. The U.S. trade deficit was at $78.2 billion in November. 10:00 AM: ISM Services Index for January. 2:00 PM: Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS). ----- Thursday, February 6th ----- 8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for a increase to 214 thousand from 207 thousand last week. ----- Friday, February 7th ----- 8:30 AM: Employment Report for December. The consensus is for 170,000 jobs added, and for the unemployment rate to be unchanged at 4.1%. There were 256,000 jobs added in December, and the unemployment rate was at 4.1%. This graph shows the jobs added per month since January 2021. NOTE: For the household survey, new population controls will be used - and this will boost overall household employment. For the establishment survey, the annual benchmark revision will be included, lowering past job growth. 10:00 AM: University of Michigan's Consumer sentiment index (Preliminary for January).
Other key indicators include the January ISM manufacturing index and January vehicle sales.
10:00 AM: ISM Manufacturing Index for January. The consensus is for the ISM to be at 49.5, up from 49.3 in December.
10:00 AM: Construction Spending for December. The consensus is for a 0.1% increase in construction spending.
All day: Light vehicle sales for January. Sales were at 16.8 million in December (Seasonally Adjusted Annual Rate).
This graph shows light vehicle sales since the BEA started keeping data in 1967. The dashed line is the December sales rate.
2:00 PM: Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS).
10:00 AM ET: Job Openings and Labor Turnover Survey for December from the BLS.
This graph shows job openings (black line), hires (purple), Layoff, Discharges and other (red column), and Quits (light blue column) from the JOLTS.
Jobs openings increased in November to 8.10 million from 7.84 million in October.
The number of job openings (black) were down 9% year-over-year. Quits were down 13% year-over-year.
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the mortgage purchase applications index.
8:15 AM: The ADP Employment Report for January. This report is for private payrolls only (no government). The consensus is for 150,000 payroll jobs added in January, up from 122,000 added in December.
8:30 AM: Trade Balance report for December 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 $87.0 billion. The U.S. trade deficit was at $78.2 billion in November.
10:00 AM: ISM Services Index for January.
2:00 PM: Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS).
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for a increase to 214 thousand from 207 thousand last week.
8:30 AM: Employment Report for December. The consensus is for 170,000 jobs added, and for the unemployment rate to be unchanged at 4.1%.
There were 256,000 jobs added in December, and the unemployment rate was at 4.1%.
This graph shows the jobs added per month since January 2021.
NOTE: For the household survey, new population controls will be used - and this will boost overall household employment. For the establishment survey, the annual benchmark revision will be included, lowering past job growth.
10:00 AM: University of Michigan's Consumer sentiment index (Preliminary for January).