Light Day Puts Focus on Labor Data

by devteam August 6th, 2009 | Share

The only major data coming out today is the weekly jobless claims report, a survey that hasn’t been too reliable recently due to seasonal adjustment issues owing to earlier lay-offs in the auto sector. This week those issues should be non-existent, and with little other data to look at one day ahead of the official employment figures for July, there could be extra emphasis on those numbers.

The jobless claims report comes on the heels of three labor reports released yesterday, all of which came in worse than expectedcausing some economists to put a downside risk to their predictions to tomorrow’s report.

Ninety minutes before the opening bell, equity futures look poised to climb after the profit-taking session yesterday. S&P 500 futures are up 3.5 points to 1004, Dow futures are trading 43 points higher at 9,288, and Nasdaq futures are roughly flat at 1,614. 

Key Releases Today:

8:30 â€

About the Author


Steven A Feinberg (@CPAsteve) of Appletree Business Services LLC, is a PASBA member accountant located in Londonderry, New Hampshire.

See all blogs


Leave a Comment

Leave a Reply

Latest Articles

Real Estate Investors Skip Paying Loans While Raising Billions

By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...

Late-Stage Delinquencies are Surging

Aug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...

Published by the Federal Reserve Bank of San Francisco

It was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...