by Risk calculated on 30/07/2022 08:11:00
The key report this week is the July jobs report.
Other key reports include the ISM manufacturing and services indices, July vehicle sales and the June trade deficit.
—– Monday, August 1 —–
8:00 a.m. ET: Corelogic House Price Index for june
10:00 AM: ISM manufacturing index for July. The consensus is that the ISM is at 52.0, down from 53.0 in June.
10:00 AM: Building expenses for June. The consensus is calling for a 0.2% increase in construction spending.
2 p.m.: Opinion Survey of Senior Loan Officers on Bank Lending Practices for July.
—– Tuesday, August 2 —–
10:00 a.m. ET: Job postings and labor turnover survey for June from the BLS.
This chart shows job postings (yellow line), hirings (purple), layoffs, layoffs and others (red column), and quits (light blue column) from the JOLTS.
Job vacancies fell in May to 11.254 million from 11.681 million in April.
Job postings (yellow) were up 17% year over year and quits were up 11% year over year.
10 a.m.: the Q2 2022 Vacant housing and home ownership of the Census Bureau.
11:00 a.m.: New York Fed: Second Quarter Household Debt and Credit Quarterly Report
All day: Sale of light vehicles for July from the BEA. The consensus is that light vehicle sales are 13.5 million SAAR in July, compared to 13.0 million in June (seasonally adjusted annual rate).
This graph shows light vehicle sales since the BEA began keeping data in 1967. The dotted line represents the rate of sales for the last month.
—– Wednesday, August 3 —–
7:00 a.m. ET: The Mortgage Bankers Association (MBA) will release the results of the index of requests for the purchase of real estate loans.
10 a.m.: the ISM services index for July. The consensus is for a reading of 53.5, down from 55.3.
—– Thursday, August 4 —–
8:30 a.m.: Trade balance report for June from the Census Bureau.
This chart shows the US trade deficit, with and without oil, through the most recent report. The blue line is the total deficit, the black line is the oil deficit and the red line is the trade deficit excluding oil products.
The consensus is that the trade deficit is $80.1 billion. The US trade deficit was $85.5 billion the previous month.
8:30 a.m.: The initial weekly unemployment claims report will be published. The consensus is 265,000 versus 256,000 last week.
—– Friday, August 5 —–
8:30 a.m.: Employment Report for July. The consensus is for 250,000 additional jobs and an unchanged unemployment rate of 3.6%.
There were 372,000 jobs added in June and the unemployment rate was 3.6%.
This graph shows the job losses since the start of the employment recession, in percentage.
The current jobs recession was by far the worst recession since World War II in percentage terms. However, the current jobs recession, 28 months after the start, has recovered faster than the two previous recessions.