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Weekly reports -- a full week with a Friday focus

  |   Jan. 6, 2014 at 10:23 AM
NEW YORK, Jan. 6 (UPI) -- Key employment reports are due this week, with the critical U.S. Employment Situation report expected on Friday.

The report's warm-up act, the Automatic Data Processing Inc. monthly tally of private jobs is due Wednesday morning. It is considered the less critical of the two reports, as the Labor Department's monthly assessment includes private and public jobs and the unemployment rate, which is the most succinct employment data focal point.

The report calendar for the week started Monday with Markit Economics' purchasing managers index report for Britain's service sector, which indicated growth by coming in at 58.8. Numbers above 50 indicate expansion, while below 50 indicates contraction.

The U.S. Non-manufacturing PMI came in at 53, the Institute of Supply Management said.

The U.S. Census Bureau said factory orders rose 1.8 percent October to November.

On Tuesday, Eurostat is set to release the consumer price index for December in a report that includes a producer price index. Statistics Canada is set to release export and import data for November on Tuesday.

Wednesday's reports include Eurostat's eurozone retail sales figures for November, the ADP employment report for December, and U.S. consumer credit figures for November produced by the U.S. Federal Reserve.

Thursday's reports include Eurostat's eurozone consumer confidence index, the weekly U.S. unemployment benefits claims report and a report on December's layoff announcements in the United States, which is produced by outplacement firm Challenger, Gray & Christmas.

StatsCan on Thursday will release its new home price index for November.

Friday's reports include Britain's industrial production report for November, released by the Office of National Statistics. StatsCan's employment report for December is due Friday, as is the Census Bureau's wholesale inventories report.

The report that will receive the most attention Friday and perhaps for the week, the U.S. Employment Situation Report, is also expected Friday morning.

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