News Column

Investors Look to Jobs, Auto Reports This Week

December 2, 2013

UPI Business News

Investors are likely to focus on U.S. employment reports that appear Wednesday and Friday this week.

The Wednesday report will be from Automatic Data Processing, a national payroll firm that reports on jobs gained or lost in the private sector. On Friday, the U.S. Labor Department issues the Employment Situation report on public- and private-sector jobs.

Other critical reports for the week include third-quarter gross domestic product estimates for the United States and Europe and October's report on consumer spending in the United States.

Reports for the week include:

Monday -- A Markit Economics report on the purchasing managers indexes for the manufacturing sector in the United States, Britain and the eurozone; a Commerce Department report on U.S. construction spending for September.

Tuesday -- The European Commission's producer-prices report; the Institute of Supply Management's report on New York manufacturing; Autodata's report on U.S. vehicle sales for November.

Wednesday -- The European Commission's reports on the third quarter's gross domestic product and October's retail sales reports; the Automatic Data Processing November jobs report; a U.S. Labor Department report on non-farm productivity for the third quarter; a Commerce Department report on new home sales for September; and the U.S. Federal Reserve's Beige Book report.

Thursday -- The Bank of England and the European Central Bank conclude policy meetings Thursday; the Labor Department's weekly report on unemployment benefit claims is due; the Bureau of Economic Analysis is set to release a third-quarter gross domestic product estimate -- the second of three. The Census Bureau's report on factory orders for October is also due.

Friday -- Canada and the United States are scheduled to release employment reports; the Bureau of Economic Analysis is set to release October's consumer spending data; the U.S. Federal Reserve follows that up with October's consumer credit figures.

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Original headline: This week's investor focus is on employment reports


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