Nov. 3- Markit PMI (OCT), Construction Spending (SEP)
Markit PMI (Oct)
The final reading of Markit's U.S. manufacturing purchasing managers index was 55.9 in October, down from the flash reading of 56.2 and well below September's 57.9. The final reading is the lowest since August. Any readings above 50 indicate expansion.
http://www.marketwatch.com/story/markit-final-october-us-manufacturing-pmi-slips-to-559-2014-11-03
Construction Spending (Oct)
Construction spending fell .4% to an annual rate of $950.9 Billion. This is the 2nd month of a decline in private and public projects.
http://www.reuters.com/article/2014/11/03/us-construction-spending-idUSKBN0IN1A520141103
Nov. 4- Trade Balance
Trade deficit widened as exports hit a 5 month low. The trade gap increased to 7.6% to 43.03 billion while economist had a forecast of $40 billion. Many believe US exports were hurt by the stronger dollar and weak global economy.
Nov. 5- ADP employment Change
ADP showed the private sector added 230,000 jobs last month, exceeding consensus forecasts. It is the sixth month in seven that private-sector hiring has topped 200,000.
http://www.marketwatch.com/story/us-stocks-futures-higher-as-republicans-sweep-midterms-2014-11-05
Nov. 6- Initial and continuing jobless claims
Number of new jobless benefits claims dropped by 10,000 to a seasonally adjusted 278,000 which is more than estimated by economist. The number for continuing claims fell by 39,000 to 2.35 million. This is a great show of confidence by firms in the US, which also suggest the US economy is not being affected too much by global troubles.
http://online.wsj.com/articles/jobless-claims-fall-labor-market-stays-strong-1415280924
Nov. 7- Unemployment rate (OCT), Average hourly earnings (oct), Private Payrolls (oct)
Unemployment Rate (Oct)
Employers added 214,000 jobs last month which was less than the estimated amount of 231,000. August and September figures were revised higher. The unemployment rate fell to 5.8% from 5.9%.
Average Hourly Earnings (Oct)
"Hourly pay rose slightly in October but has been growing at a lackluster 2% annual pace."
