Show Entire Article
After the July fourth holiday, Wall Street’s traders will be back at their desks Thursday, watching jobs-related data amid rising anxiety about Friday’s upcoming June employment report.
There are three pieces of employment-related data Thursday. First, ADP’s private-sector employment report is released at 8:15 a.m. ET and is expected to show 108,000 private sector jobs were added in June. There are also weekly jobless claims data at 8:30 a.m., expected at 385,000, just about the same as last week. The ADP number is looked at as a kind of preview of the employment report, although it often does not correlate.
Claims are being watched because in recent weeks, they have been elevated as other signs of economic slowing have picked up. The final piece of jobs information Thursday comes in the ISM nonmanufacturing survey, expected at 10 a.m. It should show employment activity in the services sector.
“Claims have been creeping up. If the claims numbers surprise to the downside, and are lower than expected, then the market will be more inclined to look beyond a weak employment number,” said Joseph LaVorgna, chief U.S. economist at Deutsche Bank.
Page 1 of 6 | Next Page
Show Entire Article
.DJIA News & Analysis
No recent news available
DATA IS REAL-TIME EXCEPT NOTED WITH *
* DATA DELAYED AT LEAST 15 MINUTES