This week's major U.S. economic reports (January 31 - February 4)

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THIS WEEK'S MAJOR U.S. ECONOMIC REPORTS & FED SPEAKERS

TIME (ET) REPORT PERIOD ACTUAL MEDIAN FORECAST PREVIOUS

MONDAY, JAN. 31
9:45 am Chicago PMI Jan. -- 64.3
11:30 am San Francisco Fed President Mary Daly speaks
12:40 pm Kansas City Fed President Esther George speaks

TUESDAY, FEB. 1
9:45 am Markit manufacturing PMI (final) Jan. -- 57.7
10 am ISM manufacturing index Jan. -- 58.8%
10 am Job openings Dec. -- 10.6 million
10 am Job quits Dec. -- 4.5 million
10 am Construction spending Dec. -- 0.4%

WEDNESDAY, FEB. 2
8:15 am ADP employment report Jan. -- 807,000
10 am Home ownership rate Q4 -- 65.4

THURSDAY, FEB. 3
8:30 am Initial jobless claims Jan. 29 -- N/A
8:30 am Continuing jobless claims Jan. 22 -- N/A
9:45 am Markit services PMI (final) Jan. -- 57.6
10 am ISM services index Jan. -- 62.3%
10 am Factory orders Dec. -- 1.6%
10 am Core capital equipment orders (revision) Dec. -- N/A

FRIDAY, FEB. 4
8:30 am Nonfarm payrolls (month to month) Jan. -- 199,000
8:30 am Unemployment rate Jan. -- 3.9%
8:30 am Average hourly earnings (month-to-month) Jan. -- 0.6%
8:30 am Labor-force participation rate 25-54 Jan. -- 81.9%

https://www.chase.com/personal/investments/learning-and-insights/category/markets

Economic outlook

Up next for the markets: January 31 - February 4

James Chen
Head of Content Studio, J.P. Morgan Wealth Management

Jan 25, 2022 | 2 min read

• The job market's performance in the wake of omicron will be on the agenda this week, with a slew of employment data being released.
• This week investors will get a sense of how the job market is faring amid rising COVID-19 outbreaks with the JOLTS for December, ADP’s private jobs report for January, weekly initial and continuing unemployment claims, and nonfarm payrolls for January being released. The Chicago Business Barometer for January is also scheduled to be released.

Investors will get a lot of insight into omicron’s impact on employment this week with a slate of key economic data reports scheduled for release.

Heading into the first month of the year, cracks in the improving jobs market started to appear as omicron led to more shutdowns and an increase in hospitalizations. The impact COVID-19 is having on employment will be clearer with the release of the JOLTS report for December, ADP’s private jobs report for January, initial and continuing weekly unemployment claims, and nonfarm payrolls for January.

Beyond the jobs market, the Chicago Business Barometer, which tracks the local economy, will be released this week.

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