The US Economic calendar will be highlighted by the US jobs report which will be released at 8:30 AM on Friday. Canada will also report their employment report on the same date in at the same time.
Here’s a summary of the key economic events for the week, including their scheduled dates, times, and relevant economic indicators:
Wednesday, January 3:
- JOLTS Job Openings: (Forecast: 8.85M, previous 8.73M)
- 10:00am (USD): ISM Manufacturing PMI (Forecast: 47.2, Previous: 46.7)
- 2:00pm (USD): FOMC Meeting Minutes. The Federal Reserve dot plot signaled the end of year 2024 rate of 4.6% down from 5.4%.
Thursday, January 4 (All Day for EUR):
- 8:15am (USD): ADP Non-Farm Employment Change (Previous: 210K)
- 8:30am (USD): Unemployment Claims (Forecast: 210K, Previous: 218K)
- German Prelim CPI m/m: (Forecast: 0.2%, Previous: -0.4%)
Friday, January 5:
- 8:30am (CAD): Employment Change (Forecast: 13.5K, Previous: 24.9K)
- (CAD): Unemployment Rate (Forecast: 5.9%, Previous: 5.8%)
- (USD): Average Hourly Earnings m/m (Forecast: 0.3%, Previous: 0.4%)
- (USD): Non-Farm Employment Change (Forecast: 168K, Previous: 199K)
- (USD): Unemployment Rate (Forecast: 3.8%, Previous: 3.7%)
- 10:00am (USD): ISM Services PMI (Forecast: 52.5, Previous: 52.7)
- JOLTS Job Openings: (Previous: 8.85M)
Other economic releases/events of importance:
- Richmond Fed Pres. Barkin speaking on Wednesday at 8:30 AM ET.
- UK construction PMI Friday at 4:30 AM ET. 46.1 estimate versus 45.5 last month
- EU core CPI flash estimate. Estimate 3.4% versus 3.6% last month. Headline CPI 3.0% versus 2.4% last month.