by Calculated Risk on 1/04/2025 08:11:00 AM

The key report this week is the December employment report on Friday.

Other key indicators include the November Trade Deficit and November Job Openings.

----- Monday, January 6th -----
No major economic releases scheduled.

----- Tuesday, January 7th -----
8:30 AM: Trade Balance report for November from the Census Bureau.

This graph shows the U.S. trade deficit, with and without petroleum, through the most recent report. The blue line is the total deficit, and the black line is the petroleum deficit, and the red line is the trade deficit ex-petroleum products.

The consensus is the trade deficit to be $77.5 billion.  The U.S. trade deficit was at $73.8 billion in October.

10:00 AM ET: Job Openings and Labor Turnover Survey for November from the BLS.

This graph shows job openings (black line), hires (dark blue), Layoff, Discharges and other (red column), and Quits (light blue column) from the JOLTS.

Jobs openings increased in October to 7.74 million from 7.37 million in September.

10:00 AM: the ISM Services Index for December.

----- Wednesday, January 8th -----
7:00 AM ET: The Mortgage Bankers Association (MBA) will release two weeks of results for the mortgage purchase applications index.

8:15 AM: The ADP Employment Report for December. This report is for private payrolls only (no government). The consensus is for 143,000, down from 146,000 jobs added in November.

----- Thursday, January 9th -----
The US NYSE and the NASDAQ will be closed in observance of a National Day of Mourning for former President Jimmy Carter.

6:00 AM: NFIB Small Business Optimism Index for December.

8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for a decrease to 210 thousand from 211 thousand last week.

----- Friday, January 10th -----
8:30 AM: Employment Report for December.   The consensus is for 150,000 jobs added, and for the unemployment rate to be unchanged at 4.2%.

There were 227,000 jobs added in November, and the unemployment rate was at 4.2%.

This graph shows the jobs added per month since January 2021.

10:00 AM: University of Michigan's Consumer sentiment index (Preliminary for January)