This week's major U.S. economic reports (March 28 - April 2)

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

TIME (ET) REPORT PERIOD ACTUAL MEDIAN FORECAST PREVIOUS

MONDAY, MARCH 28
8:30 am Trade in goods, advance report Feb. -- -$107.6 billion

TUESDAY, MARCH 29
9 am Case-Shiller national house price index (year-on-year) Jan. -- 18.8%
9 am FHFA national house price index (year-on-year) Jan. -- 17.6%
10 am Consumer confidence index March 108.0 110.5
10 am Job openings Feb. 11.2 million 11.3 million
10 am Quits Feb. -- 4.3 million
10:45 am Philadelphia Fed President Patrick Harker speaks
6:30 pm Altanta Fed President Raphael Bostic speaks

WEDNESDAY, MARCH 30
8:15 am ADP employment report March 425,000 474,000
8:30 am GDP revision (SAAR) Q4 7.0% 7.0%
8:30 am Gross domestic income (SAAR) Q4 -- 6.4%
8:30 am Corporate profits (year-on-year) Q4 -- 19.7%
9:15 am Richmond Fed President Tom Barkin speaks
1 pm Kansas City Fed President Esther George speaks

THURSDAY, MARCH 31
8:30 am Initial jobless claims March 26 196,000 187,000
8:30 am Continuing jobless claims March 19 -- 1.35 million
8:30 am Nominal personal income Feb. 0.5% 0.0%
8:30 am Nominal consumer spending Feb. 0.7% 2.1%
8:30 am PCE price index Feb. -- 0.6%
8:30 am Core PCE price index Feb. 0.4% 0.5%
8:30 am PCE price index (year-on-year) Feb. -- 6.1%
8:30 am Core PCE price index (year-on-year) Feb. 5.5% 5.2%
8:30 am Real disposable income Feb. -- -0.5%
8:30 am Real consumer spending Feb. -- 1.5%
9:45 am Chicago PMI March 57.0 56.3

FRIDAY, APRIL 1
8:30 am Nonfarm payrolls March 460 678,000
8:30 am Unemployment rate March 3.7% 3.8%
8:30 am Average hourly earnings March 0.4% 0.0%
8:30 am Labor-force participation rate, ages 25-54 March -- 82.2
9:05 am Chicago Fed President Charles Evans speaks
9:45 am Markit manufacturing PMI (final) March 58.7 58.5
10 am ISM manufacturing index March 59.0% 58.6%
10 am Construction spending Feb. 1.0% 1.3%
Varies Motor vehicle sales March -- 14.1 million

SATURDAY, APRIL 2
1 pm New York Fed President John Williams speaks

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

Economic outlook

Up next for the markets: March 28 - April 1

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

Mar 23, 2022 | 3 min read

• The labor market is in focus next week as the JOLTS report, Challenger Job Cut Report, and the Unemployment Situation Summary for March are all slated for release.
• Investors will be looking at general economic performance and how {business} owners feel about their finances.

The job market will be on display next week, with several data points connected to employment slated for release. This will give investors insight into the economy with COVID-19 cases declining in the U.S. and inflation soaring.

First out of the gate is the Job Openings and Labor Turnover Survey, or JOLTS report, for February. This tracks how many job openings, new hires, quits and layoffs there were for the month as a whole. The labor market has been tight for months and this data point will provide further insight as to how things are progressing.

Also on the schedule this week is the Challenger Job Cut Report, which measures layoffs and hiring in the private sector. The unemployment rate for March will also be released by the Labor Department. In February the unemployment rate fell to 3.8%.

Weekly unemployment claims continue to decline, but so far that hasn’t been enough to fill all the country’s open positions. If unemployment metrics keep falling, that will be viewed positively, especially in light of the Federal Reserve’s move to raise interest rates by a quarter-point. The Fed is trying to tame inflation while avoiding any major impacts to the job market.

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