Unemployment Rate Seen Ticking Down to 5.7% -- Data Week Ahead

The following are forecasts for next week's U.S. data from a survey compiled by The Wall Street Journal.

DATE      TIME  RELEASE                    PERIOD     CONSENSUS    PREVIOUS
          (ET)
Monday    0945  Markit Mfg PMI              Jul       63.1   (3)    63.1*
          1000  ISM Mfg PMI                 Jul       60.8   (12)   60.6
          1000  Construction Spending       Jun      +0.5%   (7)   -0.3%
Tuesday   1000  Factory Orders              Jun      +0.9%   (6)   +1.7%
Wednesday 0815  ADP Jobs                    Jul      +628K   (6)   +692K
          0945  Markit Services PMI         Jul       59.8   (3)    59.8*
          1000  ISM Non-Mfg PMI             Jul       60.8   (12)   60.1
Thursday  0830  Jobless Claims              Jul 31    390K   (5)    400K
          0830  U.S. Trade Deficit          Jun      $73.7B  (9)   $71.24B
Friday    0830  Nonfarm Payrolls            Jul      +788K   (12)  +850K
          0830  Unemployment Rate           Jul       5.7%   (12)   5.9%
          0830  Avg. Hourly Wages M/M**     Jul      +0.3%   (9)   +0.33%
          0830  Avg. Hourly Wages Y/Y**     Jul      +3.9%   (4)   +3.58%
          1000  Wholesale Inventories       Jun      +0.8%   (3)   +1.3%
          1500  Consumer Credit             Jun      +$22.0B (4)  +$35.3B

*Jul Flash Reading
**All private-sector workers

(Figures in parentheses refer to number of economists surveyed.)

Write to Donna Huneke at dataweekahead@wsj.com


  (END) Dow Jones Newswires
  07-30-21 1416ET
  Copyright (c) 2021 Dow Jones & Company, Inc.

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