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The first week of 2021 is very quiet on the employment calendar, with only a handful of major companies reporting.
Marcas Conagra,
Marcas Constellation,
Lamb Weston Holdings,
Micron technology,
and
Walgreens Boots Federation
they will all release their latest results on Thursday.
Costco
Wholesale will also report its sales and revenue in December 2020 on Wednesday. And on Monday, shareholders of
Automobiles Fiat Chrysler
and
Peugeot
vote on the equal unification proposed by manufacturers.
This week’s economic data releases include December December U.S. job figures. The Bureau of Labor Statistics is expected to show an increase of 125,000 non-farm payments, and an unemployment rate of 6.8%, up from 6.7% in November.
Also out this week is the Institute for Procurement Management’s Manufacturing Purchasing Managers Index for December Tuesday, followed by its equivalent services on Thursday. On Wednesday, the Federal Open Market Committee will release minutes from its most recent meeting in mid-December.
On Tuesday, Georgia voters will go to the polls to cast their votes in a pair of special elections that will determine whether Republicans or Democrats have control of the Senate for the next two years.
Monday 1/4
Fiat Chrysler Automobiles and Peugeot are holding impressive shareholder meetings to vote on the proposed merger of nearly $ 50 billion worth of mergers and it was first announced 15 months ago. The company was collectively known as Stellantis and was the fourth largest car manufacturer by size.
Census Bureau reporting construction expenditure data for November. Economists are forecasting a 1% month-over-month increase, to a quarterly adjusted annual rate of $ 1.45 trillion. Construction spending, like the housing market, has rebounded strongly from low levels caused by pandemics and is currently slightly below the record high of $ 1.44 trillion. position in February 2020.
Tuesday 1/5
Georgia holds a special election for his two Senate sets. Senate majority control hangs in the balance, and Democrats can regain room by winning both races.
Institute for Procurement The executives will be releasing the Manufacturing Purchasing Managers Index for December. Consensus estimate for reading is 56.5, a point lower than the November figure. The manufacturing PMI has just been six months above the expansion level of 50.
Wednesday 1/6
The Federal Open Market The committee will release minutes of the monetary policy meeting in mid-December.
ADP will distribute their National Employment Report for December. Private sector employment is expected to gain 200,000, after adding 307,000 jobs in November. Most of the benefits in November came from the services sector, led by 95,000 leisure and hospitality businesses.
Thursday 1/7
Conagra Brands, Constellation Brands, Lamb Weston Holdings, Micron Technology, and Walgreens Boots Alliance report quarterly results.
The ISM releases Service Purchasing Managers Index for December. Economists forecast a reading of 54.7, below the November figure of 55.9.
Department of Labor reporting on unemployed claims, also known as insurance unemployment, for the week ended Dec. 26. Unlike original jobless claims, ongoing claims have maintained their downward movement in December. For the first three weeks of last month, ongoing claims averaged 5.3 million per week, down from a peak of 22 million in May.
Friday 1/8
Labor Bureau Statistics release the jobs report for December. There is a consensus estimate for a 114,000 increase in nonfarm payrolls, following an increase of 245,000 in November. The unemployment rate is expected to rise from 6.7% to 6.8%. The economy has returned 12.4 million jobs since May, or just over half of the 22.2 million jobs lost in March and April.
Write to Nicholas Jasinski at [email protected]