The Weekly Numbers
Posted at 8 a.m. on Dec. 3, 2012
Here are the economic data highlights for this week, along with consensus predictions, via Bill McBride.
Monday, December 3: “10:00 AM ET: ISM Manufacturing Index for November… The consensus is for be PMI to be unchanged at 51.7. (above 50 is expansion)… 10:00 AM: Construction Spending for October. The consensus is for a 0.4% increase in construction spending.”
Wednesday, December 5: “8:15 AM: The ADP Employment Report for November. This report is for private payrolls only (no government). The consensus is for 125,000 payroll jobs added in November.”
Friday, December 7: “8:30 AM: Employment Report for November. The consensus is for an increase of 80,000 non-farm payroll jobs in November; there were 171,000 jobs added in October. The October reference period was before Hurricane Sandy, and the impact from Sandy will show up in the November report. The consensus is for the unemployment rate to increase to 8.0% in November, up from 7.9% in October.”