This week's investor focus is on employment reports

Dec. 2, 2013 at 9:32 AM
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NEW YORK, Dec. 2 (UPI) -- Investors are likely to focus on U.S. employment reports that appear Wednesday and Friday this week.

The Wednesday report will be from Automatic Data Processing, a national payroll firm that reports on jobs gained or lost in the private sector. On Friday, the U.S. Labor Department issues the Employment Situation report on public- and private-sector jobs.

Other critical reports for the week include third-quarter gross domestic product estimates for the United States and Europe and October's report on consumer spending in the United States.

Reports for the week include:

Monday -- A Markit Economics report on the purchasing managers indexes for the manufacturing sector in the United States, Britain and the eurozone; a Commerce Department report on U.S. construction spending for September.

Tuesday -- The European Commission's producer-prices report; the Institute of Supply Management's report on New York manufacturing; Autodata's report on U.S. vehicle sales for November.

Wednesday -- The European Commission's reports on the third quarter's gross domestic product and October's retail sales reports; the Automatic Data Processing November jobs report; a U.S. Labor Department report on non-farm productivity for the third quarter; a Commerce Department report on new home sales for September; and the U.S. Federal Reserve's Beige Book report.

Thursday -- The Bank of England and the European Central Bank conclude policy meetings Thursday; the Labor Department's weekly report on unemployment benefit claims is due; the Bureau of Economic Analysis is set to release a third-quarter gross domestic product estimate -- the second of three. The Census Bureau's report on factory orders for October is also due.

Friday -- Canada and the United States are scheduled to release employment reports; the Bureau of Economic Analysis is set to release October's consumer spending data; the U.S. Federal Reserve follows that up with October's consumer credit figures.

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