THIS WEEK'S MAJOR U.S. ECONOMIC REPORTS & FED SPEAKERS
TIME (ET) REPORT PERIOD ACTUAL MEDIAN FORECAST PREVIOUS
MONDAY, FEB. 28
8:30 am Trade in goods, advance report Jan. -- -$101.0 billion
9:45 am Chicago PMI Feb. 63.4 65.2
10:30 am Atlanta Fed President Raphael Bostic speaks
TUESDAY, MARCH 1
9:45 am Markit manufacturing PMI (final) Feb. 57.6 57.5
10 am ISM manufacturing index Feb. 58.0% 57.6%
10 am Construction spending Jan. 0.0% 0.2%
2 pm Atlanta Fed President Raphael Bostic speaks
WEDNESDAY, MARCH 2
8:15 am ADP employment report Feb. 400,000 -301,000
9 am Chicago Fed President Charles Evans speaks
9:30 am St. Louis Fed President James Bullard speaks
10 am Fed Chair Jerome Powell testifies at House committee
2 pm Beige Book
THURSDAY, MARCH 3
8:30 am Initial jobless claims Feb. 26 227.0000 232,000
8:30 am Continuing jobless claims Feb. 19 -- 1.48 million
8:30 am Productivity revision (SAAR) Q4 6.7% 6.6%
8:30 am Unit labor costs revision (SAAR) Q4 0.3% 0.3%
9:45 am Markit services PMI (final) Feb. 56.7 56.7
10 am ISM services index Feb. 60.7% 59.9%
10 am Factory orders Jan. 0.6% -0.4%
10 am Core capital equipment orders (revision) Jan. -- 0.9%
10 am Fed Chair Jerome Powell testifies at Senate committee
6 pm New York Fed President John Williams speaks
FRIDAY, MARCH 4
8:30 am Nonfarm payrolls Feb. 415,000 467,000
8:30 am Unemployment rate Feb. 3.9% 4.0%
8:30 am Average hourly earnings Feb. 0.5% 0.7%
8:30 am Labor force participation rate, prime working age Feb. -- 82.0%
8:45 am Chicago Fed President Charles Evans speaks
Economic outlook
Up next for the markets: February 28 - March 4
James Chen
Head of Content Studio, J.P. Morgan Wealth Management
Feb 23, 2022 | 2 min read
Coronavirus cases are declining and the economy is improving by just how much will be on display this week with key employment data slated to be released.
The ADP and nonfarm payroll reports are due this week along with initial unemployment claims. These three data releases will highlight the health of the U.S. labor market amid declining COVID-19 cases and rising inflation.
With COVID-19 cases declining, investors are looking for signs that the worst is in the rearview and the economy is on the road to full recovery. Theyll get a look at that this week when key economic data points are released, including ADPs national employment report and nonfarm payrolls for February. Weekly initial and continuing unemployment claims are also due. All three data points will paint a broad picture of the health of the U.S. labor market. Companies are hiring, but inflation is putting upward pressure on wages.
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